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points Save Answer A life insurance policyholder plans to convert the cash value of their policy at retirement. They will seek an annual payment of
points Save Answer A life insurance policyholder plans to convert the cash value of their policy at retirement. They will seek an annual payment of $125.000 per year in retirement, and they plan to retire in twelve years. The cash value is expected to be $1,410,000 at retirement. If interest rates stay at 4.125% throughout retirement (annual conipounding), how many years into retirement would this policyholder outlive their annuity payments? O 23.76 years 33.65 years The policyholder will never outlive the payments 15.49 years 11.28 years
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