Question
For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations.
For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)
| Cash Flow | Present Value | Interest Rate | Years | |||||||||||
| $ | $ | 33,000 | 9 | % | 6 | |||||||||
| $ | 30,550 | 7 | 8 | |||||||||||
| $ | 168,500 | 12 | 16 | |||||||||||
| $ | 241,500 | 11 | 21 | |||||||||||
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Finance Directors Handbook
Authors: Glynis D Morris, Sonia McKay, Andrea Oates
5th Edition
1566768691, 978-1566768696
