Assume that a pension plan offers to pay $300,000 on a person's retirement (his/her sixty-fifth birthday) or

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Assume that a pension plan offers to pay $300,000 on a person's retirement (his/her sixty-fifth birthday) or a semi-annual annuity for the remainder of the person's life - i.e., starting 6 months from...

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Assume that a pension plan offers to pay $300,000 on a person's retirement (his/her sixty-fifth birthday) or

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