Your aunt is about to retire,and she wants to sell some of her stock and buy an annuity that will provide her with income of $78,000 per year for 30 years,beginning a year from today.The going rate on such annuities is 7.25%.How much would it cost her to buy such an annuity today?
A) $774,150.27
B) $802,472.84
C) $1,104,580.26
D) $944,085.69
E) $821,354.55

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The Answer of Your aunt is about to retire,and she wants to sell some of her stock and buy an annuity that will provide her with income of $78,000 per year for 30 years,beginning a year from today.The going rate on such annuities is 7.25%.How much would it cost her to buy such an annuity today?
A) $774,150.27
B) $802,472.84
C) $1,104,580.26
D) $944,085.69
E) $821,354.55

Your Aunt Is About to Retire,and She Wants to Sell