After consulting with your financial advisor, you figured that you need $$100,000$ per year for your living during $35$ years of the retirement period. You consider buying an annuity contract that will pay $$100,000$ at the end of every year. Assuming a rate of return of $8\%,$ how much do you need today to buy the ordinary annuity consact?

$$1,455,457$

$$1,165,980$

$$1,165,457$

$$1,133,457$