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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.)
| Cash Flow | Future Value | Years | Interest Rate | |||||||||||
| $ | $ | 24,550 | 8 | 9 | % | |||||||||
| 1,000,000 | 40 | 11 | ||||||||||||
| 820,000 | 26 | 12 | ||||||||||||
| 136,000 | 17 | 8 | ||||||||||||
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
