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    Exam 2: The Time Value of Money: All Dollars Are Not Created Equal
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    John Cashed in an Annuity Contract and Received $10,000
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John Cashed in an Annuity Contract and Received $10,000

Question 34

Question 34

True/False

John cashed in an annuity contract and received $10,000.John bought the contract 24 years ago for $5,000.These amounts indicate a contract rate of approximately 3%.

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