Alex bell has just retired from the telephone company his


Question: Alex Bell has just retired from the telephone company. His total pension funds have an accumulated value of $200,000, and his life expectancy is 16 more years. His pension fund manager assumes he can earn a 12 percent return on his assets. What will be his yearly annuity for the next 16 years?

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Finance Basics: Alex bell has just retired from the telephone company his
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