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Question 1 2.5 pts Your uncle is about to retire, and he wants to buy an annuity that will provide him with $64.000 of income

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Question 1 2.5 pts Your uncle is about to retire, and he wants to buy an annuity that will provide him with $64.000 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? $961.671.80 $871,258.22 $821.941.71 $879,477.63 O $624.675.70

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