Question: Hello, Can you help with the below and use the proper formulas to show all the work for me? Thanks 9.Determining the Income Flow. You

Hello,

Can you help with the below and use the proper formulas to show all the work for me? Thanks

9.Determining the Income Flow. You have $100,000 to purchase a 20-year annuity at 5 percent. What will be the annual payment from the annuity?

HINT: $100,000 = Payment x PVA factor (Exhibit 1B-4) and

Payment = $100,000 PVA factor (Exhibit 1B-4

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