now that your uncle has decided to retire, he wants to buy an annuity that will provide him with $85,000 of income a year for 25 years, with the first payment coming immediately. the going rate on such annuities is 5.15%. how much would it cost him to buy the annuity today?

A. $1,303,008

B. $1,240,960

C. $1,063,968

D. $1,178,912

E. $1,119,966