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Your aunt made you a beneficiary of her insurance policy. It is worth $200,000 and it will earn 5% interest over your expected lifetime of
Your aunt made you a beneficiary of her insurance policy. It is worth $200,000 and it will earn 5% interest over your expected lifetime of 45 years. How much income could you get if you take the income beginning immediately ( in other words the insurance is converted to an annuity due)?
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