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MC Qu. 38 A policyholder wishes to ... A policyholder wishes to annuitize the cash value of his insurance policy at retirement. The cash value

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MC Qu. 38 A policyholder wishes to ... A policyholder wishes to annuitize the cash value of his insurance policy at retirement. The cash value is $725,000. What payment (to the nearest dollar) can he expect if he wishes to receive 15 years of payments (starting next year) and interest rates are 5.25 percent? O $29,250 $71,033 $60,524 $43,333 O $55,555

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