Question: If you put up $ 3 6 , 0 0 0 today in exchange for a 6 . 5 percent, 1 6 - year annuity,

If you put up $36,000 today in exchange for a 6.5 percent, 16-year annuity, what will the annual cash flow be?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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