After consulting with your financial advisor, you figured that you need $9,000 per year for your living during 25 years of the retirement period. You consider buying an annuity contract which will pay $9,000 at the beginning of every month. Assuming a rate of return of 12%, how much do you need today to buy the annuity due contract?

$886,219

$863,064

$888,127

$885,302