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You have set up a life annuity with a present value of $250,000. If your life expectancy at retirement is 25 years, what will your monthly income be...

You have set up a life annuity with a present value of $250,000. If your life expectancy at retirement is 25 years, what will your monthly income be if the APR is 8%, compounded monthly.

$2047.65

$1929.54    

$1889.03

$1978.69

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