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11. If you put up $29,000 today in exchange for a 7.75 percent, 18 -year annuity, what will the annual cash flow be? Multiple Choice

11.

image text in transcribed If you put up $29,000 today in exchange for a 7.75 percent, 18 -year annuity, what will the annual cash flow be? Multiple Choice $3,040.90 $1,611.11 $7,222.69 $2,831.16 $3,257.13

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