Question: If Jerry Jones put up $ 4 0 , 0 0 0 today in exchange for a 6 . 1 percent, 1 5 - year

If Jerry Jones put up $40,000 today in exchange for a 6.1 percent, 15-year annuity, what will the annual cash flow be?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16. Enter your answer as a positive value and do not include a dollar sign or commas your answer.) Numeric Response

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