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SOLVED: Pete invested 50,000 in a variable annuity 15 years ago when he was 52. The contract is now valued at180,000, and Pete elects to annuitize under a straight life option. The AIR is 5 percent, and the annuity purchase rate is 6.50. What is Pete's initial income payment?A.900B. 1170C.2500D. 3250

Altru Financial Corporation on Instagram: "🛑Read Caption🛑 🚀The National Pension System (NPS) is a voluntary retirement savings scheme that was launched in 2004. The scheme's goal is to provide retirement income to citizens and to encourage retirement savings. NPS is a market-linked product that allows investors to invest in a mix of equity, corporate debt, government debt, and alternative assets. Once the investor decides on the fund manager and asset mix, the money is invested in specific sc

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