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    Future Value Annuity

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    Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $180,000 and her life expectancy is 15 more years. Her pension fund manager assumes he can earn a 9 percent return on her assets. what will be her yearly annuity for the next 15years.

    Please show the formula used and the calculations.

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    Solution Summary

    Computations done using formula and all work shown.