Madeline has an annuity that pays $7902 at the beginning of a time twice a year. if the economy grows at a rate of 3.1% twice a year what is the value of the annuity if she received it in a lump sum now rather than over a period of 16 years? (show work)
a= $198,170.44
b= $201,242.08
c= $158,941.50

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