A four-year annuity of $1,000 annual payments at the end of each year, with a 10% interest rate is worth how much today?

A) $2,914.67
B) $3,486.85
C) $3,169.87
D) None of the above

Four-Year Annuity

A financial product that provides a series of equal payments over a period of four years to the holder.

Annual Payments

Recurring payments made once a year, often related to loans, leases, or other financial obligations.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, usually expressed as a percentage of the principal.