ariellewallenst4898 ariellewallenst4898

23-09-2022
Business

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Siegfried basset is 65 years of age and has a life expectancy of 14 more years. He wishes to invest $20,500 in an annuity that will make a level payment at the end of each year until his death. If the interest rate is 8. 5%, what income can mr. Basset expect to receive each year?

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