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QUESTION 11 How much must be invested today in order to generate a five-year annuity of $1,000 per year, at an interest rate of 1247

QUESTION 11 How much must be invested today in order to generate a five-year annuity of $1,000 per year, at an interest rate of 1247 a. $3,746.25 b. $4,604.78 OC $4,037.35 d. 53,604,78 e. $4,406.87

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