Because your mother is about to retire, she wants to buy an annuity that will provide her with $75,000 of income a year for 20 years, with the first payment coming immediately.The going rate on such annuities is 5.25%.How much would it cost her to buy the annuity today?
A) $825,835
B) $869,300
C) $915,052
D) $963,213
E) $1,011,374

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The Answer of Because your mother is about to retire, she wants to buy an annuity that will provide her with $75,000 of income a year for 20 years, with the first payment coming immediately.The going rate on such annuities is 5.25%.How much would it cost her to buy the annuity today?
A) $825,835
B) $869,300
C) $915,052
D) $963,213
E) $1,011,374

Because Your Mother Is About to Retire, She Wants to Buy