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Question 17 (3 points) I just turned 40, would like to have an annual annuity of $20,000 paid over a 20 year period, the first

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Question 17 (3 points) I just turned 40, would like to have an annual annuity of $20,000 paid over a 20 year period, the first payment occurring on my 66th birthday. How much must I save each year for the next 25 years to have this annuity, if the investment will earn 12 percent compounded annually? $944.10 $1,120 $19,046 $16,000 Save

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