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Laura is the beneficiary of her late husband's $500,000 life insurance policy. She chooses the settlement option that allows her to annuitize the death benefit

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Laura is the beneficiary of her late husband's $500,000 life insurance policy. She chooses the settlement option that allows her to annuitize the death benefit and receive periodic payments for the next 15 years, at the beginning of every year. If the insurance company offers 5.8% return on the funds, what is the size of these fixed periodic payments? (A) $33,333 (B) $35,025 (C) $48,025 (D) $50,811

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