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James is 63 years of age and has a life expectancy of 21 more years. He plans to invest $57,000 in an annuity that will

James is 63 years of age and has a life expectancy of 21 more years. He plans to invest $57,000 in an annuity that will make equal payments at the end of each year until his death. If the interest rate is 5%, how much will he receive each year?

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