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 | |||||||||||
| $ | $ | 24,350 | 7 | % | 8 | |||||||||
| $ | 980,000 | 9 | 38 | |||||||||||
| $ | 796,000 | 10 | 24 | |||||||||||
| $ | 133,000 | 6 | 15 | |||||||||||
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Options Futures And Other Derivatives
Authors: John C. Hull
4th Edition
0130224448, 9780130224446
