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Apolicyholder wishes toannuitize the cash value of her insurance policy at retirement. She desires an annual payment of $96.3,000 per year and the cash value
Apolicyholder wishes toannuitize the cash value of her insurance policy at retirement. She desires an annual payment of $96.3,000 per year and the cash value is expected to be $1.7 million at retirement. Approximately how many payments can she expect to receive if annuity interest rates are 5.045 percent?(Do not round intermediate calculations. Round your answer to a whole number.)
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