Question: I cannot figure out how to get B. I've looked this problem up here and they all said b is 189,169.90 so i plug it
I cannot figure out how to get B. I've looked this problem up here and they all said b is 189,169.90 so i plug it in and it says it wrong
| Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 20-year annuity is $1 million and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of five years. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) |

o. Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 20-year annuity is $1 million and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of the current year. (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16)) Annual cash flows 117,459.62 O b Calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 20-year annuity is $1 million and the annuity earns a guaranteed annual return of 10 percent. The payments are to begin at the end of five years. (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16)) Annual cash flows 189,169.90 What is the amount of the annuity purchase required if you wish to receive a fixed payment of $200,000 for 20 years? Assume that the annuity will earn 10 percent per year. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16) 1,702,712.74 O Present value
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