2 Points
Tracy invested in a lifetime annuity that begins payments at age 65. Her life
expectancy is 87. Tracy invested $900,000 into the annuity, which earns 4.6%
APR, compounded monthly. With this annuity, what is Tracy's monthly
payment amount?
O
A. $4867.56
O
B. $5346.94
C. $5426.19
O
O
D. $5623.89
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