Because Your Mother Is About to Retire, She Wants to Buy

question 50

Multiple Choice

Because your mother is about to retire, she wants to buy an annuity that will provide her 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 her 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:

Routine Specimen

A sample of bodily fluid or tissue collected under standard conditions for medical testing.

Clean Catch Specimen

A method of urine collection that aims to minimize microbial contamination from the external genitalia.

Incontinence

The inability to control the excretion of urine or feces, leading to unintentional loss of bladder or bowel control.

Water Pills

Medications that increase urination to help reduce fluid retention in the body; also known as diuretics.