Question: Question 12 2 pts Your father is about to retire, and he wants to buy an annuity that will provide him with $92,000 of income

Question 12 2 pts Your father is about to retire, and he wants to buy an annuity that will provide him with $92,000 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? $1,410,314.01 $1,343,156.20 $1,370,019.32 $1,544,629.63 $1,155,114.33

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