Question: We Pay Insurance Co . will pay you $ 1 , 5 7 5 each quarter for 2 5 years. You want to earn a

We Pay Insurance Co. will pay you $1,575 each quarter for 25 years. You want to earn a minimum interest rate of 1.04 percent per quarter. What is the
most you are willing to pay today for these payments?
Multiple Choice
$94,371.85
$97,626.05
$274,725.83
$97,066.36
$92,744.75
 We Pay Insurance Co. will pay you $1,575 each quarter for

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