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QUESTION 1 You want to create an annuity which will pay you $5,000 per month over 25 years (-300 months). The monthly interest rate is

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QUESTION 1 You want to create an annuity which will pay you $5,000 per month over 25 years (-300 months). The monthly interest rate is r= .005 - 06/12. How much must you begin your annuity with? a. $636,712.35 b. $693,796.12 c. $766,041.08 d. none of these

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