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Diana, a widow, joined her employer's defined contribution pension plan 2 5 years ago, and is now reaching age 6 5 . Diana would like
Diana, a widow, joined her employer's defined contribution pension plan years ago, and is now reaching age Diana would like to use her current pension assets of $ to purchase a life annuity with monthly payments beginning at the end of her first month of retirement. Assuming an annual nominal return of compounded monthly, and a life expectancy of years, what monthly income will Diana receive from her current pension assets?
Approximately $
Approximately $
Approximately $
Approximately $
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