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You want your annuity to generate monthly payments to you of $6000 for a period of 25 years (= 300 months). The monthly interest rate
You want your annuity to generate monthly payments to you of $6000 for a period of 25 years (= 300 months). The monthly interest rate is r = .005 Hoe large must your annuity be at the start of the 25 year period? a. $756,812.36 b.5852,385.12 c. $931,249.30 d. None of these
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