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4 In retirement, Mark wants to receive $57,000 at the beginning of each year protected against 4% inflation. He assumes a 7% rate of return
4 In retirement, Mark wants to receive $57,000 at the beginning of each year protected against 4% inflation. He assumes a 7% rate of return and expects a 25-year retirement period. What lump sum must he deposit in an annuity to generate this income? $667,788 $739,182 $1,005,431 $1,034,434
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