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If you put up $30,000 today in exchange for a 7.00 percent, 18-year annuity, what will the annual cash flow be? rev: 09_17_2012 Multiple Choice

If you put up $30,000 today in exchange for a 7.00 percent, 18-year annuity, what will the annual cash flow be?

rev: 09_17_2012

Multiple Choice

  • $2,982.38

  • $1,666.67

  • $3,201.06

  • $7,870.86

  • $2,770.70

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