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Q2. You parents need $150,000 each year for their retirement for the next 20 years. The Prudential Insurances offers an annuity contract that yields 6%

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Q2. You parents need $150,000 each year for their retirement for the next 20 years. The Prudential Insurances offers an annuity contract that yields 6% each year. They should buy an annuity contract today in the amount of: a. $573,496.06 b. $1,720,488 c. More than 1,800,000 d. Less than 1,700,000 e. None of the above. My answer is $

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