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Graham Bell has just retired after 30 years with the telephone company. His total pension funds have an accumulated value of $300,000, and his life
Graham Bell has just retired after 30 years with the telephone company. His total pension funds have an accumulated value of $300,000, and his life expectancy is 18 more years. His pension fund manager assumes he can earn a 9 percent return on his assets.
What will be his yearly annuity for the next 18 years?(Round "PV Factor" to 3 decimal places. Round the final answer to the nearest whole dollar.)
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