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Emmanuel's initial $5,900,000 grew at 8% compounded annually from 2001-2011. On each July 1st, from 2011-2035, Emmanuel will receive $1,193,248.2; 25 annual payments from the

Emmanuel's initial $5,900,000 grew at 8% compounded annually from 2001-2011. On each July 1st, from 2011-2035, Emmanuel will receive $1,193,248.2; 25 annual payments from the Eagles which totaled $29.8 million. Verify the calculation of Emmanuel's annual $1,193,248.20 payment from the Eagles from 2011-2035. Show your work.

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