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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 | |||||||||||
| $ | $ | 25,950 | 8 | 9 | % | |||||||||
| 1,140,000 | 44 | 11 | ||||||||||||
| 988,000 | 30 | 12 | ||||||||||||
| 150,000 | 15 | 8 | ||||||||||||
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Quantitative Financial Risk Management
Authors: Constantin Zopounidis, Emilios Galariotis
1st Edition
1118738187, 978-1118738184
