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Suppose the present value of a 5-year, annual-payment ordinary annuity is $3200. If your best alternative investment will earn 4 percent, compounded semiannually, what must

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Suppose the present value of a 5-year, annual-payment ordinary annuity is $3200. If your best alternative investment will earn 4 percent, compounded semiannually, what must be the annuity's annual cash flow

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