If you put up $28,000 today in exchange for a 8.75 percent, 19-year annuity, what will the annual cash flow be? Multiple Choice O O о O $3,292.06 $1,473.68 $3,074.66 $6,805.29 $2,863.34

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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If you put up $28,000 today in exchange for a 8.75 percent, 19-year annuity, what will the
annual cash flow be?
Multiple Choice
O
O
O
о
$3,292.06
$1,473.68
$3,074.66
$6,805.29
$2,863.34
Transcribed Image Text:If you put up $28,000 today in exchange for a 8.75 percent, 19-year annuity, what will the annual cash flow be? Multiple Choice O O O о $3,292.06 $1,473.68 $3,074.66 $6,805.29 $2,863.34
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