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If you put up $39,000 today in exchange for a 8.50 percent, 11-year annuity, what will the annual cash flow be? Multiple Choice $5,867.04 $5,596.22

If you put up $39,000 today in exchange for a 8.50 percent, 11-year annuity, what will the annual cash flow be?

Multiple Choice

  • $5,867.04

  • $5,596.22

  • $3,545.45

  • $7,294.24

  • $5,331.20

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