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Atlas Insurance wants to sell you an annuity, which will pay you $3,200 per quarter for 25 years. You want to earn a minimum rate

Atlas Insurance wants to sell you an annuity, which will pay you $3,200 per quarter for 25 years. You want to earn a minimum rate of return of 6.5 percent. What is the most you are willing to pay as a lump sum today to buy this annuity? please show all work Answer $151,008.24 $157,636.81 $167,489.11 $173,008.80 $179,827.59

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