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Second question: Uncle buy annuity, provide him with 85,000 income a year for 25 yrs, first payment immediately. annuities - 5.15%. Answer is 1,240,960, I
Second question: Uncle buy annuity, provide him with 85,000 income a year for 25 yrs, first payment immediately. annuities - 5.15%. Answer is 1,240,960, I believe . How can I work this out manually or with financial calculator?
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