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Request edit access5. If you want to purchase an annuity providing an income of $2000 at the end of eachmonth for five years, how much will it cost if the purchase funds eam 18% compoundedmonthly?A. $192,429.30B. $78,760.54C. $80,681.00D $4886.44E. $818.60

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ANSWER:

B)

EXPLANATION:

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