After consulting with your financial advisor, you figured that you need $150,000 per year for your living during 35 years of the retirement period. You consider buying an annuity contract which will pay $150,000 at the end of every year. Assuming a rate of return of 8%, how much do you need today to buy the ordinary annuity contract? $1,765,980 $1,755,457 $1,748,185 $1,733,457 After consulting with your financial advisor, you figured that you need $150,000 per year for your living during 35 years of the retirement period. You consider buying an annuity contract which will pay $150,000 at the end of every year. Assuming a rate of return of 8%, how much do you need today to buy the ordinary annuity contract? $1,765,980 $1,755,457 $1,748,185 $1,733,457