For each of the following annuities, calculate the annual cash flow: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Cash Flow Present Value Years Interest Rate $ 32,400 6 10 % $ 29,650 8 8 $ 159,500 20 13 $ 230,700 22 12

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Vijay 

For each of the following annuities, calculate the annual cash flow:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Cash Flow
Present Value
Years
Interest Rate
$
32,400
6
10%
29,650
8
8
$
159,500
$
EA
230,700
22
20
13
22
12
Transcribed Image Text:For each of the following annuities, calculate the annual cash flow: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Cash Flow Present Value Years Interest Rate $ 32,400 6 10% 29,650 8 8 $ 159,500 $ EA 230,700 22 20 13 22 12
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