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You wish to buy an annuity that makes monthly payments for as long as you live. Describe what happens to the purchase price of the

You wish to buy an annuity that makes monthly payments for as long as you live. Describe what happens to the purchase price of the annuity if (1) your age at the page 71 time of purchase goes up, (2) the size of the monthly payment rises, and (3) your health improves.

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