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Problem 5-7 Calculating Annuity Values [LO 1] For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do
Problem 5-7 Calculating Annuity Values [LO 1]
For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g.,32.16).) |
Cash Flow | Future Value | Interest Rate | Years | |||||||||||
$ | $ | 25,150 | 8 | % | 8 | |||||||||
$ | 1,060,000 | 10 | 36 | |||||||||||
$ | 892,000 | 11 | 22 | |||||||||||
$ | 142,000 | 7 | 17 | |||||||||||
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