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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

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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 $50,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 6.2927%. How much would it cost her to buy such an annuity today? O $574,924 O $605,183 $635,442 O $667,214 O $700,575 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 $50,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 6.2927%. How much would it cost her to buy such an annuity today? O $574,924 O $605,183 $635,442 O $667,214 O $700,575

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