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Assuming annual interest rates on comparable investments are 3,5%. What annual income could be expected by someone who had saved E140.000 in their personal pension fund and spent it all on a 25-year annuity? Select one: O a. £8,494!96 O b. E8,347.58 O C. E9,478.09

Assuming annual interest rates on comparable investments are 3,5%. What annual income could be expected by someone who had saved E140.000 in their personal pension fund and spent it all on a 25-year annuity? Select one: O a. £8,494!96 O b. E8,347.58 O C. E9,478.09

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Assuming annual interest rates on comparable investments are 3,5%. What annual income could be expected by someone who had saved E140.000 in their personal pension fund and spent it all on a 25-year annuity? Select one: O a. £8,49496 O b. E8,347.58 O C. E9,478.09
Transcribed Image Text:Assuming annual interest rates on comparable investments are 3,5%. What annual income could be expected by someone who had saved E140.000 in their personal pension fund and spent it all on a 25-year annuity? Select one: O a. £8,49496 O b. E8,347.58 O C. E9,478.09
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