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sam recieves 10000 life insurance benefit. if she uses the proceeds to buy an n year immediate annuity, annual payout will be 1538. if a

sam recieves 10000 life insurance benefit. if she uses the proceeds to buy an n year immediate annuity, annual payout will be 1538. if a 2n year immediate annuity is purchased, annual payout will be 1072. calculation s basef on effective annual interest rate of i. calculate i

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