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 | |||||||||||
| $ | $ | 25,250 | 9 | % | 8 | |||||||||
| $ | 1,070,000 | 11 | 37 | |||||||||||
| $ | 904,000 | 12 | 23 | |||||||||||
| $ | 143,000 | 8 | 12 | |||||||||||
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Finance And Financial Markets
Authors: Keith Pilbeam
3rd Edition
023023321X, 978-0230233218
