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professor annuity corporation offers a life time annuity to retiring professor for a payment of… 1 answer below » professor annuity corporation offers a life time annuity to retiring professor for a payment of $80000. at age of 65 the firm will pay the retiring professor $600 a month until death . if the professor remaining life expectance is 20 years. what is the monthly rate on this annuity. Sep 29 2015 11:27 PM