Question: hi i need help worh this problem. can you show your work in excel please Home Insert Formulas File Data Review View Help Open in

hi i need help worh this problem. can you show your work in excel please

Home Insert Formulas File Data Review View Help Open in Desktop App 3 Calibri 11 B Hva A y f K 1 N 4 B D E F G H 27. Annuities. Professor's Annuity Corp. offers a lifetime annuity to retiring professors. For a payment of $80,000 at age 65, the firm will pay the retiring professor $600 a month until death. (LO5-3) a. If the professor's remaining life expectancy is 20 years, what is the monthly interest rate on this annuity? b. What is the effective annual interest rate? c. If the monthly interest rate is 5%, what monthly annuity payment can the firm offer to the retiring professor? 5 6 7 8 9 10 11 12 13 14 15 16 12 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 FOS 4 M-5 TV TM. TVM-11 TVM 19 TVM14 TVM-18 TVM 20 TVM Calculation Mode: Automatic Workbook status MacBook Air

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