Please get back to me soon.

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $71,249.98 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today? O $ 825,835 O $ 869,300 O $ 915,052 O $ 963,213 O $1,011,374 Charter Bank pays a 4.94% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pay? O 3.72% 04.13% 4.59% 05.05% O 5.56%