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Larry purchased an annuity from an insurance company that promises to pay him S650 per month for the rest of his life. Larry paid $68,328

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Larry purchased an annuity from an insurance company that promises to pay him S650 per month for the rest of his life. Larry paid $68,328 for the annuity. Larry is in good health and he is 72 years old. Larry received the first annuity payment of $650 this month. Use the expected number of payments in Exhibit 5-1 for this problem. (Round Expected return multiple" answer to 1 decimal place and all other answers to the nearest whole number.)

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