You are currently 40 years old. in an effort to provide a lifetime income stream, you are discussing the purchase of a deferred annuity with an insurance company sales representative. if the contract promises to pay you $2000 each month, at the beginning of the month, for the remainder of your life, how much should you be willing to pay for this contract? assume payments will begin at your age 65, your life expectancy at that time will be 25 years and that the appropriate discount rate is 7% Ignore commisions, profits and expense charges.