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28 February, 17:29

If a person has $500,000 in cash values in his life insurance policy available at age 65 and has the option of receiving a Life income annuity for 25 years, what is the annual income provided if a 4% interest rate is used

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  1. 28 February, 18:59
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    20,000

    Explanation:

    500,000*.04=20,000
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