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You would like to purchase a 10-year annuity for $650. The rate of return is 9.5%. From this annuity, what is the annual cash flow

You would like to purchase a 10-year annuity for $650. The rate of return is 9.5%. From this annuity, what is the annual cash flow that you will you receive?

a. $114.31

b. $129.27

c. $90.42

d. $104.33

e. $103.52

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