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If you put up $39,000 today in exchange for a 7.25 percent, 16-year annuity, what will the annual cash flow be? Multiple Choice $4,197.09 $4,476.77

If you put up $39,000 today in exchange for a 7.25 percent, 16-year annuity, what will the annual cash flow be?

Multiple Choice

  • $4,197.09

  • $4,476.77

  • $9,468.05

  • $3,925.66

  • $2,437.50

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