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Question 10 1 pts A 65-year-old person has saved $550,000 and wishes to receive 10 annual annuity payments, beginning in one year. If the annuity

Question 10 1 pts A 65-year-old person has saved $550,000 and wishes to receive 10 annual annuity payments, beginning in one year. If the annuity rate is 6%, he can expect to receive $79,425 per year. True False

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