Question: Problem 6.42(c) Your answer is incorrect. Now answer parts a. and b. assuming the rate of return to be (1) 8 percent per year,

Problem 6.42(c) Your answer is incorrect. Now answer parts a. and b. assuming the rate of return to be (1) 8 percent per year, and (ii) 15 percent per year. (Round answers to O decimal places, e.g. 1,525.) 8 percent 15 percent Lump sum needed at age 65 $ $ EA Annuity payment needed eTextbook and Media Save for Later A EA $ Assistance Used Attempts: unlimited Submit Answer

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