John moses is 65 years old and his life expectancy of 12 more year. he wish...

John moses is 65 years old and his life expectancy of 12 more year. he wish to invest $ 20,000 in an annuity that will make a level payment at the end year until his death if the interest rate is 8% , what income can Mr moses expect to receive each year?

Expert Solution

ekkarill92 answered 2 years ago

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