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After consulting with your financial advisor, you figured that you need $9,000 per year for your living during 25 years of the retirement period. You

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After consulting with your financial advisor, you figured that you need $9,000 per year for your living during 25 years of the retirement period. You consider buying an annuity contract which will pay $9,000 at the beginning of every month. Assuming a rate of return of 12%, how much do you need todify to buy the annuity due contract? $888,127 $886,219 $863,064 $885,302

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