*Financial Algebra *
Gifford has an annuity that pays $125 at the beginning of each month. If the economy grows at a rate of 3.89% annually, what is the value of the annuity if he received it in a lump sum now rather than over a period of ten years?

$1,019.44

$1,059.09

$12,233.24

$12,709.11

Question

*Financial Algebra * 
Gifford has an annuity that pays $125 at the beginning of each month. If the economy grows at a rate of 3.89% annually, what is the value of the annuity if he received it in a lump sum now rather than over a period of ten years?

 $1,019.44

 $1,059.09

 $12,233.24

 $12,709.11

anonymous · Answer

I worj it out and my answer was the B @NaCl