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22 February, 20:57

Which of these is an example of a recurring-payment variable annuity

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  1. 22 February, 21:05
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    25 years

    Step-by-step explanation:

    Your annuity is $300,000 at age 60, the insurance company offers you to pay $1,000 per month.

    $300,000/$1,000 = $300 monthly

    $300 months/12 = 25 years to recover investment

    You will have to live until age 85 to break even
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