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payment will be received at the end of year 13 . To Do a. Draw a time line depicting all of the cash flows associated

image text in transcribed payment will be received at the end of year 13 . To Do a. Draw a time line depicting all of the cash flows associated with Sunrise's view of the retirement annuity. b. How large a sum must Sunrise accumulate by the end of year 12 to provide the 20 -year, $42,000 annuity? c. How large must Sunrise's equal, annual, end-of-year deposits into the account be over the 12-year accumulation period to fund fully Ms. Moran's retirement annuity? d. How much would Sunrise have to deposit annually during the accumulation period if it could earn 10.0% rather than 9.0% during the accumulation period? e. How much would Sunrise have to deposit annually during the accumulation period if Ms. Moran's retirement annuity were a perpetuity and all other terms were the same as initially described

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