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Posted on Oct 19, 2024

If you put up $ 3 5 , 0 0 0 today in exchange for a 8 . 7 5 percent, 1 6 - year

If you put up $

35, 000

today in exchange for a

8.75

percent,

16 -

year annuity, what will the annual cash flow be

?

How many payments will you have made when your account balance reaches $

22, 717 ?

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