A 65-year-old person has saved 29 millions and wishes to, Ask an Expert

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A 65-year-old person has saved $2.9 millions and wishes to receive 18 annual annuity payments, beginning in one year. If the annuity rate is 3.05 percent, how much can he expect to receive per year? Answer format: Keep two decimal places. Do not use dollar sign or thousands separators.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92425366

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