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Suppose Mr. Rosevell wants to generate a five-year annuity cash flow of $1000/year. How much must be invested today? Assume that the first payment will

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Suppose Mr. Rosevell wants to generate a five-year annuity cash flow of $1000/year. How much must be invested today? Assume that the first payment will be one year from today and assume that the interest rate will keep constant at 12%. $3,604.78 $3,746.25 $4,037.35 $4,604.78

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