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On the day you retire you purchase an annuity for $1,000,000 that will then pay you $6,000 each month for 30 years. What is your
On the day you retire you purchase an annuity for $1,000,000 that will then pay you $6,000 each month for 30 years. What is your rate of return? Multiple Choice 6.01% +/- 0.05% 5.92% +/- 0.05% 0.50% +/-0.05% 7.20% +/- 0.05%
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