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If you put up $32,000 today in exchange for a 6.25 percent, 20 -year annuity, what will the annual cash flow be? Multiple Choice $2,846.79

If you put up $32,000 today in exchange for a 6.25 percent, 20 -year annuity, what will the annual cash flow be? Multiple Choice $2,846.79 $1,600.00 $3,079.51 $9,411.43 $2,622.47

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