QUESTION 13 You want to retire in 40 years, and you want to have an annuity of S65,000 a year for 30 years after retirement. You want to receive the annuity payments at the end-of-year basis during your retirement period. Using an interest rate of 7.5% for the savings period and 2.75% for the retirement period, how much you must save during your 40 working years, in equal amount at the end-of-year basis, in order to have this retirement annuity? $5,429.22 $5,260.50 $5,986 49 $5,791.71 O $5,099.53