Question: Question 7 (4 points) Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income

Question 7 (4 points) Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 year, with the first payment coming immediately. The poing rate on such mit 5.25%. How much would it cost him to buy the annuity today? $935.50724 $1,202,089.78 51,927,427.34 $1.343,186.4 51,066.249.96 What's the present value of $1,025 discounted buck 5 years if the appropriate interest rate is 6%, compounded monthly 5767.31 $759.91 572191 5691 31 572931

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