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If you put up $36,000 today in exchange for a 6.25 percent, 20-year annuity, what will the annual cash flow be? Multiple Choice $3,464.45 $2.950.28

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If you put up $36,000 today in exchange for a 6.25 percent, 20-year annuity, what will the annual cash flow be? Multiple Choice $3,464.45 $2.950.28 $10,587.86 O $3,202.64

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