Question: If you put up $ 3 0 , 0 0 0 today in exchange for a 5 . 8 percent, 1 5 - year annuity,

If you put up $

30, 000

today in exchange for a

5.8

percent,

15 -

year annuity, what will the annual cash flow be

? (

Do not round intermediate calculations and round your answer to the nearest dollar. Input your answer as a positive number. Do not input a dollar sign in your answer.

)

Numeric Response

If you put up $30,000 today in exchange for a 5.8

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