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John Jones has just retired after many years with the telephone company.His pension funds have a total value of $180,000 and actuaries state that his
John Jones has just retired after many years with the telephone company.His pension funds have a total value of $180,000 and actuaries state that his life expectancy is fifteen more years.The manager of his pension fund says he can earn a 9% return on John's assets.What will be John's yearly annuity for the next fifteen years?
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