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In 2040 your investment account along with your retirement

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In 2040 your investment account along with your retirement fund has resulted in a tidy sum of 3.75 million dollars, so you reitre. You plan on living until 2090. What monthly annuity will this sum give you for the rest of your life using a 2.5% compounded quarterly interest rate?

Reference no: EM13591018

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