Question 1 Incorrect A 60-year old considers an annuity that will provide $50,000 per year for 20 years. She is willing to wait until 7 years later to receive the first payment. Assume the interest rate is 3.75%. What is the price of the deferred annuity at the year 6, one year before the annuity begins? 0.00 points out of 35.00 Flag question Select one: $694,810.21 $700,825.21 $690,582.33 X $702,936.61