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How long must she live after the day she retired

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Question - Your grandmother bought an annuity from JD Enterprise Insurance for RM300,000 when she retired. In exchange for the RM300,000, JD Enterprise will pay her RM35,000 per year until she dies. The interest rate is 8%. How long must she live after the day she retired to come out ahead.

Reference no: EM132747511

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