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17. Mary has just retired and has $1 million in her retirement account. Her bank offers an arrangement whereby the bank takes her $1 million

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17. Mary has just retired and has $1 million in her retirement account. Her bank offers an arrangement whereby the bank takes her $1 million now and pays her $110,000 at the end of each year for the next 20 years. Is it a fair deal, if the offered rate is 10% p.a

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