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Question 8 5 pts Your father is about to retire, and wants to buy an annuity that will provide him with $50,000 of Income per

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Question 8 5 pts Your father is about to retire, and wants to buy an annuity that will provide him with $50,000 of Income per year for 25 years, beginning a year from today. The going rate on such annuities is 7.40%. How much would it cost him to buy such an annuity today? Your answer should be between 458,000.00 and 760,000.00, rounded to 2 decimal places, with no special characters. D Question 9 5 pts Andy has $500.000 and wants to retire. He expects to live for another 30 years and to earn 7.60% on his invested funds. How much could he withdraw at the end of each of the next 30 years and end up with zero in the account

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