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Professor s Annuity Corp. offers a lifetime annuity to retiring professors. For a lump payment today of $ 9 2 , 5 8 0 .
Professors Annuity Corp. offers a lifetime annuity to retiring professors. For a lump payment today of $ the firm will pay the retiring professor a set amount of money per year for years. If the interest rate on the annuity is then what are the annual payments?
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