Question: Question Consider an annuity-immediate with block payments: $5 for the first 7 years, $15 for the next 3 years. Which one of the statements below

Question Consider an annuity-immediate with block payments: $5 for the first

Question Consider an annuity-immediate with block payments: $5 for the first 7 years, $15 for the next 3 years. Which one of the statements below doesn't give the AV of this annuity at the time of the last payment? (i = 4%. Possible Answers A 587(1.04)3 + 1587 B 5870 + 1083 C 15877 1087(1.04) D 587+1587 E $91.25

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