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You wish to invest $175,000 in a 12-year annuity. Current yields over the same time to maturity are 8 percent. What could you expect as

You wish to invest $175,000 in a 12-year annuity. Current yields over the same time to maturity are 8 percent. What could you expect as an annual payment? (Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.) Annual payment $

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