Question: If you put up $ 3 8 , 0 0 0 today in exchange for a 7 . 7 5 percent, 1 5 - year

If you put up $38,000 today in exchange for a 7.75 percent, 15-year annuity, what will the annual cash flow be?
Multiple Choice
$2,533.33
$4,106.56
$8,617.12
$4,644.88

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