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Your uncle is about to retire, and he wants to buy an annuity that will provide him with $64,000 of income a year for 20
Your uncle is about to retire, and he wants to buy an annuity that will provide him with $64,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today? 5879.477.63 5871,258.22 $821,941,71 $624,675.70 $961.671.80 Suppose you inherited $460,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20 years? $41,999.77 $47,727.01 $45,340.66 $43,431.58 $36,272.53
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