If you put up

$29,000

today in exchange for a 8.75 percent, 16-year annuity, what will the annual cash flow be?\ Multiple Choice\

$3,224.15

\

$3,435.07

\

$1,812.50

\

$6,381.46

\

$3,651,68

If you put up $29,000 today in exchange for a 8.75 percent, 16 -year annuity, what will the annual cash flow be? Multiple Choice $3,224.15 $3,435.07 $1,812.50 $6,381.46 $3,651,68