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Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income
Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $40,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost her to buy such an annuity today
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The Charles Schwab Guide To Finances After Fifty
Authors: Carrie Schwab-Pomerantz, Joanne Cuthbertson
1st Edition
0804137366, 978-0804137362
