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You just inherited some money, and a broker offers to sell you an annuity that pays $ 16,000 end of each year for 20 years.

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You just inherited some money, and a broker offers to sell you an annuity that pays $ 16,000 end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity? $219,833.39$199,395.37$236,582.60$248,411.73$209,365.13$225,316.76

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