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Question 9 2 pts After consulting with your financial advisor, you figured that you need $6,000 per year for your living during 20 years of
Question 9 2 pts After consulting with your financial advisor, you figured that you need $6,000 per year for your living during 20 years of the retirement period. You consider buying an annuity contract that will pay $6,000 at the beginning of every month. Assuming a rate of return of 8.5%, how much do you need today to buy the annuity due contract? $696,282 $691,385 O $690,000 O $789,068
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