Business, 30.04.2021 20:30 sudotoxic

Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $400,000, and her life expectancy is 16 more years. Her pension fund manager assumes he can earn a 10 percent return on her assets. What will be her yearly annuity for the next 16 years

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Betty Bronson has just retired after 25 years with the electric company. Her total pension funds hav...

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