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    Exam 13: Annuities and Sinking Funds
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    Angel Rowe Wants to Receive $7,500 Each Year for the Next
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Angel Rowe Wants to Receive $7,500 Each Year for the Next

Question 84

Question 84

Short Answer

Angel Rowe wants to receive $7,500 each year for the next 25 years. Assume a 5% interest rate compounded annually. How much should Angel invest today?

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