For each of the following annuities, calculate the annuity payment. Years Future Value Interest Rate 21,800 1,500,000

Question:

For each of the following annuities, calculate the annuity payment.

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...

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