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Just looking for some insight and an in-depth explaination behind the answer because i'm not able to figure out a number close to the answer

Just looking for some insight and an in-depth explaination behind the answer because i'm not able to figure out a number close to the answer here. Thank you for your help

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If you invested $53,000 today in exchange for a 15-year annuity that offers 8 percent return on investment, what will the monthly payments be? Select one: a. 1,951.97 b. 6,191.97 c. 506.50 O d. 153.16

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