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Connor has $550,000 to invest in a 5 year annuity. Assuming the time value of money is 10%, what amount will Connor receive in cash

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Connor has $550,000 to invest in a 5 year annuity. Assuming the time value of money is 10%, what amount will Connor receive in cash each year? Use Appendix Table 2. (Do not round your PV factors. Round your answer to the nearest dollar.) $110,000 $119,900 $145,089 None of these answers is correct

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