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If you put up $24,000 today in exchange for a 7.25 percent, 15-year annuity, what will the annual cash flow be? A. $2,511.63 B. $1,600.00

If you put up $24,000 today in exchange for a 7.25 percent, 15-year annuity, what will the annual cash flow be?

A. $2,511.63

B. $1,600.00

C. $2,676.83

D. $2,846.86

E. $5,651.74

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