What Single Amount Deposited Now into an Account Paying $7 \frac { 2 } { 3 } \%$

Multiple Choice

What single amount deposited now into an account paying $7 \frac { 2 } { 3 } \%$ annual interest, compounded quarterly, would fund an annuity paying $\$ 3,470$ quarterly for the next 18 years?

A) $\$ 134,873.15$
B) $\quad \$ 135,031.34$
C) $\$ 134,917.86$
D) $\quad \$ 134,898.15$