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Your father is about to retire, and he wants to buy an annuity that will provide him with $ 7 3 , 0 0 0

Your father is about to retire, and he wants to buy an annuity that will provide him with $73,000 of income a year for 25 years, with the first payment coming immediately. The going rate on such annuities is 5.15%. How much would it cost him to buy the annuity today?
$809,981.58
$1,268,260.64
$1,097,738.20
$1,065,765.24
$1,182,999.42

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