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You decide to purchase an annuity from an insurance company. You deposit $1,000,000 and are guaranteed an annual interest rate of 5.0%. What monthly amount
You decide to purchase an annuity from an insurance company. You deposit $1,000,000 and are guaranteed an annual interest rate of 5.0%. What monthly amount can you withdraw if your intent is to "zero-out" the account after 25 years? a. 5,963.02 b. 5,845.90 c. 5,558.32 d. 5,689.18
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