Your company offers annuity products to their clients. The annuity product pays a fixed amount each year for the rest of their life. One of your clients is 65 years old with a life expectancy of 95 years old. Assume your client will live to their expected age, how much should they be willing to pay for an annuity that pays $10,000 every year and the discount rate is 5%? $177,924.26 $153,724.51 $133,921.91 $201, 423.61