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 | |||||||||||
| $ | $ | 25,650 | 6 | % | 8 | |||||||||
| $ | 1,110,000 | 8 | 41 | |||||||||||
| $ | 952,000 | 9 | 27 | |||||||||||
| $ | 147,000 | 5 | 16 | |||||||||||
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The Charles Schwab Guide To Finances After Fifty
Authors: Carrie Schwab-Pomerantz, Joanne Cuthbertson
1st Edition
0804137366, 978-0804137362
