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4. A retirement plan guarantees to pay to you or your estate a fixed amount for 20 years. At the time of retirement, you will

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4. A retirement plan guarantees to pay to you or your estate a fixed amount for 20 years. At the time of retirement, you will have $73,425 to your credit in the plan. The plan anticipates earning 9% interest. How much will your annual benefits be? ( 1 mark) a. $6,608 b. $3,671 c. $1,435 d. $8,043

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