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Assume you work at MW Custom Financial Solutions and a client wants to have a consistent stream of cash flows during retirement If they receive
Assume you work at MW Custom Financial Solutions and a client wants to have a consistent stream of cash flows during retirement If they receive $3,400 each month, how much should they pay for it if you guarantee cash flows for thirty years if you can invest their money earn 8.39% per year while earning interest each month? Round all interest rates to six decimal points. $41,768.25 $393,691.82 $485,981.04 $5,487,449.37 $36,910 $91,72471 Multiple Choice $446,686.89 $442,919.98 $41,768.25 $393,691.82
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