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I will rate and thank you! You have a chance to buy an annuity that pays $20,000 at the beginning of each year for 20

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You have a chance to buy an annuity that pays $20,000 at the beginning of each year for 20 years. You could eam 11.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? You are not required to show calculations. However to receive credit you must provide the inputs used (N, PMT, FV, I/Y, PV) to solve. If you utilize a template, you can copy and paste the section used in the submission. $171,928.89 O $154,196.32 $400,000.00

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