Question: Please get back to me soon. Your uncle is about to retire, and he wants to buy an annuity that will provide him with $71,249.98

Please get back to me soon.

Please get back to me soon. Your uncle is about to retire, and he wants to buy an annuity that will provide him with

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $71,249.98 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today? O $ 825,835 O $ 869,300 O $ 915,052 O $ 963,213 O $1,011,374 Charter Bank pays a 4.94% nominal rate on deposits, with monthly compounding. What effective annual rate (EFF%) does the bank pay? O 3.72% 04.13% 4.59% 05.05% O 5.56%

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