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Posted on May 19, 2024

Suppose you would like your heirs to receive an annual income payment of $20,000 form you forever. How much would it cost you to buy

Suppose you would like your heirs to receive an annual income payment of $20,000 form you forever. How much would it cost you to buy this annuity if you want to earn a 5% rate of return and you expect an annual growth rate of 1%?

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