Sryq Sryq
  • 19-05-2023
  • Mathematics
contestada

earned.
James was 65 and ready for retirement. He had $700,000 in his retirement savings and wanted
to invest it in an annuity earning 6% annually. He decided he would set the payments to payout
over 40 years to assure his money would not run out. How much would James receive as his
annual income from his annuity? $

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