Question: Please solve manually using formula don't use any excel shortcuts. Suppose that a fixed-payment 15-year annuity has present value of Rs 2.5 million The annuity

Please solve manually using formula don't use any excel shortcuts.

Suppose that a fixed-payment 15-year annuity has present value of Rs 2.5 million The annuity earns a guaranteed 9 percent annual return. If the payments are to begin at the end of current year, what is the annuity payment from this fixedpayment annuity

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