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A policyholder wishes to annuitize the cash value of her insurance policy at retirement. She desires a monthly payment of $ 3500 and the cash
A policyholder wishes to annuitize the cash value of her insurance policy at
retirement. She desires a monthly payment of $ 3500 and the cash value
is expected to be $ 865,000 at retirement. Approximately how many monthly payments
can she expect to receive if annuity interest rates are 4.25%?
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