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Which of the following annuities would pay the highest monthly income for a $1,000 premium, holding all other factors constant? Select one: a. Straight-life annuity

Which of the following annuities would pay the highest monthly income for a $1,000 premium, holding all other factors constant?

Select one:

a. Straight-life annuity

b. Annuity five-years-certain

c. Annuity ten-years-certain

d. Cash refund annuity

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