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Steven is a retired professional who is receiving $5,000 per month from his life annuity. Steven would like to know how much he would receive
Steven is a retired professional who is receiving $5,000 per month from his life annuity. Steven would like to know how much he would receive every month in the unlikely event that the insurance comparyy providing the annuity went bankrupt. Given this scenario which of the following is correct? Select one: a. $4,500 b. $0 c. $4,250 d. $2,000
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