Your father is about to retire, and he wants to buy an annuity that will provide him with $84,000 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? $1,471,632.01 $981,088.00 $1,348,996.01 $1,226,360.01 $1,508,422.81