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jill moran - Funding Jill Morans Retirement Annuity A Draw...

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Funding Jill Moran’s Retirement Annuity
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A. Draw a time line depicting all of the cash flows associated with Sunrise’s view of the retirement annuity
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How large a sum must Sunrise accumulate by the end of year 12 to provide the 20-year, $42,000 annuity? This is equivalent to figuring out the value of the $20-year $42,000 annuity at the end of year 12, at 12% interest rate
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