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A person has a pension fund of 1 0 0 , 0 0 0 . The actuarial expectation is that the person will live for

A person has a pension fund of 100,000. The actuarial expectation is that the person will live for another 10 years. If the ten-year interest rate (yield on government bonds) is 8.5% p.a., how much can be paid to the pensioner each year? The first payment is to take place one year from the present

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