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For each of the following annuities, calculate the annual cash flow. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,
For each of the following annuities, calculate the annual cash flow. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
\begin{tabular}{|c|cr|r|r|r|} \hline Cash Flow & \multicolumn{2}{|c|}{ Present Value } & \multicolumn{2}{|c|}{ Years } & \multicolumn{2}{|c|}{ Interest Rate } \\ \hline & $32,900 & 6 & 8 & % \\ \hline & $ & 30,400 & 8 & 6 & \\ \hline & $ & 167,000 & 15 & 11 & \\ \hline & $ & 239,700 & 15 & 10 & \\ \hline \end{tabular}Step by Step Solution
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