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26) An insurance company is trying to sell you a retirement annuity. The annuity will give you 20 payments with the first payment in 12 years when you retire. The insurance firm is asking you to pay $50,000 today. If this is a fair deal, what must the payment amount be (to the dollar) if the interest rate is 8 percent? A) $5,093 B) $12,824 C) $9,472 D) $11,874 E) $10,422 20) If nominal rate is 5% and inflation is 2%, what is the real rate? B) 2.94 percent