Pension funds-what will be her yearly annuity

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Reference no: EM131510881

Betty Bronson has just retired after 25 years with the electric company. Her total pension funds have an accumulated value of $350,000, and her life expectancy is 17 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 17 years?

Reference no: EM131510881

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