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Stan paid an insurance company $ 5 0 , 0 0 0 for a fixed annuity when he was 5 0 years old. At age
Stan paid an insurance company $ for a fixed annuity when he was years old. At age Stan plans to begin to receive payments from the insurer. There are no guarantees on the number of payments he will receive. Based on the description provided, this annuity can be described as an
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