Betty bronson has just retired after 25 years with the, Financial Management

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Betty bronson has just retired after 25 years with the

Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $350,000, and her life expectancy is 17 more years. Her pension fund manager assumes he can earn a 9 percent return on her assets.

What will be her yearly annuity for the next 17 years?

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Financial Management: Betty bronson has just retired after 25 years with the

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