Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $78,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost her to buy such an annuity today? $802,472.84 $944,085.69 $1,104,580.26 $821,354.55 $774,150.27