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If you put up $30,000 today in exchange for a 8.75 percent, 12 -year annuity, what will the annual cash flow be? Multiple Choice $4,349.12

If you put up $30,000 today in exchange for a 8.75 percent, 12 -year annuity, what will the annual cash flow be? Multiple Choice $4,349.12 $3,929.44 $4,136.90 $5,723.12 $2,500.00

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