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............ i 1. By the time you retire you have saved $875,000. You are contemplating putting the money into an annuity that makes monthly payments.

............ i 1. 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? n \I,,,, , III-I

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