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 | Future Value | Interest Rate | Years | |||||||||||
| $ | $ | 25,750 | 7 | % | 8 | |||||||||
| $ | 1,120,000 | 9 | 42 | |||||||||||
| $ | 964,000 | 10 | 28 | |||||||||||
| $ | 148,000 | 6 | 17 | |||||||||||
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Military Finances Personal Money Management For Service Members Veterans And Their Families
Authors: Cheryl Lawhorne-Scott, Don Philpott
1st Edition
144222214X, 978-1442222144
