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Formula L. By the time you retire you have saved $875,000. You are contemplating putting the money into an annuity that makes monthly payments. What

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Formula L. By the time you retire you have saved $875,000. You are contemplating putting the money into an annuity that makes monthly payments. What will be your payment if the interest rate is set at 3.85% APR and the annuity makes monthly payments for the next 30 years

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