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Deciding between a $500,000 lump sum or $3,500 monthly annuity payments for your pension isn’t straightforward and involves. Given s's need for guaranteed lifetime income starting immediately, the correct answer is c. N, age 50, recently bought an annuity that will pay a guaranteed $2,000/month at age 70 for life. She would like to buy an annuity that will immediately furnish her.
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