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after your last deposit, you plan to take the balance and purchase an annuity from a life insurance company that will have a nominal annual
after your last deposit, you plan to take the balance and purchase an annuity from a life insurance company that will have a nominal annual interest rate of 4 percent (compounded annually) and which will make 30 annual payments to you (or your estate) in Years 66 through 95. Given this information, determine how much you should receive each year from this annuity.\ Group of answer choices\ \ $289,756.18\ \ $292,084.55\ \ $296,741.29\ \ $287,427.81\ \ $294,412.92
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