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Mr. Bassset is 65 years of age and has a life expectancy of 18 more years. He plans to invest $57,000 in an annuity that

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Mr. Bassset is 65 years of age and has a life expectancy of 18 more years. He plans to invest $57,000 in an annuity that will make equal payments at the end of each year until death. If the interest rate is 7%, how much will he receive each year

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