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Calculate the difference in the current economic values of the following two annuities:#1: Payments of...

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Finance

Calculate the difference in the current economic values of the following two annuities:#1: Payments of 3300 made at the end of every month for the next five years. +2: Payments of $200 made at the end of every month for the next 10 years. Use an interest rate of 14.4% compounded monthly for both annuities.(1 mark)A) Annuity #1 is worth $398 more than Annuity #2.B) Annuity #1 is worth $95 more than Annuity #2.C) The current economic values are within $10 of each other.D) Annuity #2 is worth $95 more than Annuity #1.E) Annuity #2 is worth $398 more than Annuity #1.

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