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Question
Calculate the annual cash flows of a $2 million, 10-year fixed-payment annuity earning a guaranteed 8 percent annually if the payments are to start at the end of this year.
A. $137,990.27.
B. $275,980.53.
C. $298,058.98.
D. $149,029.49.
E. $220,000.00.
Answer
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