Question: Question Content AreaIn 2 0 2 3 , Todd purchased an annuity for $ 1 5 0 , 0 0 0 . The annuity is

Question Content AreaIn 2023, Todd purchased an annuity for $150,000. The annuity is to pay him $2,500 per month for the rest of his life. His life expectancy is 100 months. Which of the following is correct?

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