o. What is the amount of the annuity purchase required if you wish to receive a fixed payment of $220,000 for 15 years? Assume that the annuity will earn 10 percent per year. b. Calculate the annual cash flows (annuity payments) from a foxed-payment annuity if the present value of the 15 -year annuity is $1.3 million and the arnuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of the current year c. Calculate the annual cash flows (annuity payments) from a ficed-payment annuity if the present value of the 15 -year annuity is $1.3 milion and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of seven years (For oll requirements, do not round intermediate calcylations. Round your answers to 2 decimal ploces. (e.g., 3216))