Question: Problem 5-5 Calculating Annuity Cash Flows [LO 1] For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but
Problem 5-5 Calculating Annuity Cash Flows [LO 1]
| For each of the following annuities, calculate the annual cash flow. (Enter rounded answers as directed, but do not use rounded numbers in intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) |
| Cash Flow | Present Value | Interest Rate | Years | |||||||||||
| $ | $ | 33,400 | 7 | % | 6 | |||||||||
| $ | 31,150 | 5 | 8 | |||||||||||
| $ | 174,500 | 10 | 20 | |||||||||||
| $ | 248,700 | 9 | 22 | |||||||||||
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