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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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