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If you put up $40,000 today in exchange for a 8.75 percent, 17-year annuity, what will the annual cash flow be? Multiple Choice A) $4,312.32

If you put up $40,000 today in exchange for a 8.75 percent, 17-year annuity, what will the annual cash flow be?

Multiple Choice

A) $4,312.32
B) $4,606.91
C) $4,909.66
D) $2,352.94
E) $9,104.88

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