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After consulting with your financial advisor, you figured that you need $ 9 , 0 0 0 per year for your living during 3 5

After consulting with your financial advisor, you figured that you need $9,000 per year for your living during 35 years of the retirement period. You consider buying an annuity contract that will pay $9,000 at the end of every month. Assuming a rate of return of 12%, how much do you need today to buy the ordinary annuity contract?
$886,219
$885,078
$786,219
$896,219
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