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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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