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Question 13: Your son is getting ready for college; you want to make arrangements for him to receive an annuity of $450/month for 7 years.

Question 13: Your son is getting ready for college; you want to make arrangements for him to receive an annuity of $450/month for 7 years. If the bank charges 12% annual interest rate, how much money would you need to deposit in your savings account today? A. $17,090 B. $17,093 C. $17,096 D. $17,099

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