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If you put up $33,000 today in exchange for a 6.75 percent, 18-year annuity, what will the annual cash flow be? Multiple Choice $1,833.33 $2,990.80
If you put up $33,000 today in exchange for a 6.75 percent, 18-year annuity, what will the annual cash flow be? Multiple Choice $1,833.33 $2,990.80 O $8,828.61 O $3,460.33 $3,221.67 You're prepared to make monthly payments of $320, beginning at the end of this month, into an account that pays 6 percent interest compounded monthly. Required: How many payments will you have made when your account balance reaches $20,200? (Do not round your intermediate calculations.) Multiple Choice 60.5 26.88 55 49.5 4.71 You are planning to make monthly deposits of $90 into a retirement account that pays 13 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 12 years? Multiple Choice O $32,441.68 $27,702.19 $370,762.10 O $30,896.84 $29,352.00
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