Question: 1 8 . Marun bugs a lie annuity at age 7 1 with the proceeds of his RESP. He pays $ 1 . 0 0

18. Marun bugs a lie annuity at age 71 with the proceeds of his RESP. He pays $1.000,009 and will receive 97,000 money Mavin is waried about the econorny and asks his agent what is the minimum amount he will receive if the insurer tails. What should the agent tell Marvin? O He will receive a monthly income of 56,300 for life O He will receive a monthly income of 57,000 for lite He wil get a lump sum of $900,000, minus the annuity O payments already recerved He will get a lump sum of $1,000,000, minus the annuity payments already received

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