Your Uncle Is About to Retire,and He Wants to Buy

question 93

Multiple Choice

Your uncle is about to retire,and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years,with the first payment coming immediately.The going rate on such annuities is 5.25%.How much would it cost him to buy the annuity today?

• A)$ 825,835
• B)$ 869,300
• C)$ 915,052
• D)$ 963,213
• E)$1,011,374

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Definitions:

Plasma Cells

White blood cells that produce antibodies, playing a crucial role in the body's immune response to infection.

Cell-Mediated Immunity

A type of specific immune response carried out by T cells. Compare with antibody-mediated immunity.

Antigen-MHC Complex

A molecular complex on the cell surface where an antigen is presented by major histocompatibility complex molecules for recognition by T-cells.

T Cytotoxic Cells

A type of T cell that kills cancer cells, cells that are infected (particularly with viruses), or cells that are damaged in other ways.