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I cannot figure out how to get B. I've looked this problem up here and they all said b is 189,169.90 so i plug it
I cannot figure out how to get B. I've looked this problem up here and they all said b is 189,169.90 so i plug it in and it says it wrong
Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 20-year annuity is $1 million and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of five years. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) |
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