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Mr Jones has just turned 65 years old and his wife has finally persuaded him to retire. He has been contribution to his RA fund

Mr Jones has just turned 65 years old and his wife has finally persuaded him to retire. He has been contribution to his RA fund for the last 32 years and has decided to take the lump sum offering to pay off his remaining bond. Calculate the lump sum value of Mr. Jones RA. Can Mr. Jones elect to have the full value of his RA paid out to him? Explain your

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