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 $80,000 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? $1,074,805.25 $968,293.02 $1,036,073.53 $958,610.08 $726,219.76