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    Exam 12: Annuities: Special Situations
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    What Amount Invested Today Will Provide Yearly Payments of $50,000
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What Amount Invested Today Will Provide Yearly Payments of $50,000

Question 150

Question 150

Short Answer

What amount invested today will provide yearly payments of $50,000 for 20 years starting 10 years from now if invested at 5.5% compounded annually?

Correct Answer:

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$349,805.9...

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