Looking for answers? Westonci.ca is your go-to Q&A platform, offering quick, trustworthy responses from a community of experts. Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

What is the future value of a 40 year $1,200 annual annuity that pays an 8 percent semi-annual coupon rate?
a. $330,747
b. $551,245
c. $307,365
d. $220,050
e. $545,000