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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 | |||||||||||
$ | $ | 25,250 | 8 | 9 | % | |||||||||
1,070,000 | 37 | 11 | ||||||||||||
904,000 | 23 | 12 | ||||||||||||
143,000 | 12 | 8 | ||||||||||||
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