Solve the Problem $\$ 573$ For His Life Insurance Policy $21 \%$

Multiple Choice

Solve the problem.
-Ted pays an annual premium of $\$ 573$ for his life insurance policy. His brother Ned pays $21 \%$ more for the same policy because he is a little older. What is Ned's annual premium? Round your answer to the nearest dollar.

A) $\$ 588$
B) $\$ 320$
C) $\$ 678$
D) $\$ 693$