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6. Assume you have $4,200,000. You use that amount to purchase a 30-year annuity that pays you monthly payments (360 total monthly payments). How much

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6. Assume you have $4,200,000. You use that amount to purchase a 30-year annuity that pays you monthly payments (360 total monthly payments). How much per month would you draw if the annuity paid a 6.25 percent interest (discount) rate

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