If the professor’s remaining life expectancy is 20 years, what is the monthly interest rate on this annuity? b. What is the effective annual interest rate? c. If the monthly interest rate is 1.00%, what monthly annuity payment can the firm offer to the retiring professor?

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A: in this you have to find out present value FACTOR and from that you can get interest rate.

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A:

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A: (answer of first 3 parts, please specify if any other part is required) We can compute the present…

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