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1. Assume Carla, who has recently retired, wants to use a portion of her savings to generate an income stream for five years but would

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1. Assume Carla, who has recently retired, wants to use a portion of her savings to generate an income stream for five years but would also like to have the same amount of principal at the end of that income period as she had at the time it began. What should Carla consider for this purpose? a. a variable annuity b. a split annuity Oc. a deferred annuity d. a single premium annuity

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