d FIN410_01FV Your grandparents are about to retire, and they plan to sell some stock to buy an annuity that will provide them with income of $83,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost them to buy such an annuity today? n Select one: a. Less than $900,000 b. Between $900,000 and $950,000 c. Between $950,000 and $1,000,000 d. Between $1,000,000 and $1,050,000 e. Greater than $1,050,000