For each of the following annuities, calculate the annuity payment. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.1 Annuity Payment Future Value $ S $ S 25,450 1,000,000 928,000 145,000 Years 8 30 25 14 Interest Rate

Essentials Of Investments
11th Edition
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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For each of the following annuities, calculate the annuity payment.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Annuity Payment
Future Value
$
$
$
$
25.450
1,090,000
928,000
145,000
Years
8
39
25
14
Interest Rate
4%
6
7
Transcribed Image Text:For each of the following annuities, calculate the annuity payment. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Annuity Payment Future Value $ $ $ $ 25.450 1,090,000 928,000 145,000 Years 8 39 25 14 Interest Rate 4% 6 7
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