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Chuck and Nancy take their pet rock company public and are soon multimillionaires.Recognizing the volatility facing the pet rock industry, Chuck purchased a $5M straight

Chuck and Nancy take their pet rock company public and are soon multimillionaires.Recognizing the volatility facing the pet rock industry, Chuck purchased a $5M

straight life annuity that pays $200K a year. Chuck dies in a freak rock stampede 5 years later. What amount will be in his GE?

A.$0

B.$200,000

C.$2,400,000

D.$5,000,000

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