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14 5/5 points You wish to generate an annual income of 40,000 for a period of 25 years with the first payment in one year

14 5/5 points You wish to generate an annual income of 40,000 for a period of 25 years with the first payment in one year and growing at 1% p.a: How much should you have available to invest if rates are 2.6% p.a.? A) 685,491.87 B) 812,319.11 C) 1,384,147.09 OD) 728,615.20

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