larry purchased an annuity from an insurance company that promises to pay him $6,500 per month for the rest of his life. larry paid $626,340 for the annuity. larry is in good health and is 72 years old. larry received the first annuity payment of $6,500 this month. use the expected number of payments in exhibit 5-1 for this problem.

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07-10-2022
Business

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larry purchased an annuity from an insurance company that promises to pay him $6,500 per month for the rest of his life. larry paid $626,340 for the annuity. larry is in good health and is 72 years old. larry received the first annuity payment of $6,500 this month. use the expected number of payments in exhibit 5-1 for this problem.

Sagot :

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