Mathematics, 06.07.2019 13:20, menakri53

Professor's annuity corp. offers a lifetime annuity to retiring professors. for a payment of $90,000 at age 65, the firm will pay the retiring professor $850 a month until death. a. if the professor's remaining life expectancy is 15 years, what is the monthly interest rate on this annuity?

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Professor's annuity corp. offers a lifetime annuity to retiring professors. for a payment of $90,000...