(Answered) Your are the investment advisor for your aunt who would

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Your are the investment advisor for your aunt who would like to invest $1,250,000 with a AAA rated insurance company that will pay her a "monthly" fixed-payment annuity for the next 20-years. Calculate the monthly payments that she can expect to receive if the insurance company guarantees a 6 percent annual return on her investment and her first payment begins next month.

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