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A 65 year-old disable retiree has saved $1,250,000. He expects he will survive another ten years and wishes to receive 10 annuity payments immediately. If

  1. A 65 year-old disable retiree has saved $1,250,000. He expects he will survive another ten years and wishes to receive 10 annuity payments immediately. If the interest rate is 5.75%, how much does he can expect to receive per year?

    $158,703

    $167,829

    $149,987

    $135,456

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