Cary is 60 years old and purchases a deferred annuity for $32,000 which at age 65 will pay her $400 per month for the re

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answerhappygod
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Cary is 60 years old and purchases a deferred annuity for $32,000 which at age 65 will pay her $400 per month for the re

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Cary is 60 years old and purchases a deferred annuity for
$32,000 which at age 65 will pay her $400 per month for the rest of
her life. At age 65 her expected return multiple is 20.0. At age
86, what is the amount that Cary must include in her income each
year? Select one: a. $1,600 b. $0 c. $4800 d. $3,200
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