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If you put up $31,000 today in exchange for a 6.75 percent, 16 -year annuity, what will the annual cash flow be? Multiple Choice $3,015.07

If you put up $31,000 today in exchange for a 6.75 percent, 16 -year annuity, what will the annual cash flow be? Multiple Choice $3,015.07 $3,227.44 $7,838.24 $1,937.50

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