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If you put up $22,000 today in exchange for a 9.00 percent, 13-year annuity, what will the annual cash flow be? Multiple Choice $2,938.46 $4,287.12

If you put up $22,000 today in exchange for a 9.00 percent, 13-year annuity, what will the annual cash flow be?

Multiple Choice

$2,938.46
$4,287.12
$1,692.31
$3,097.13
$2,783.48

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