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4. Alex Bell has just retired from the telephone company. His total pension funds have an accumulated value of $150,000, and his life expectancy is

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4. Alex Bell has just retired from the telephone company. His total pension funds have an accumulated value of $150,000, and his life expectancy is 16 more years. His pension fund manager assumes he can earn a 10 percent return on his assets. What will be his yearly annuity for the next 16 years? 5. What is the future value of a $1,000 investment today at 10% annual interest compounded semi-annually for five years

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