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Question
A policyholder wishes to annuitize the cash value of her insurance policy at retirement. The cash value is $725,000. What payment (to the nearest dollar) can he expect if he wishes to receive 15 years of payments (starting next year) and interest rates are 5.25%?
A. $43,333
B. $55,555
C. $71,033
D. $60,524
E. $29,250
Answer
This answer is hidden. It contains 36 characters.
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