Problem 5-7 Calculating Annuity Values [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	Future Value	Interest Rate	Years
	$		$	25,950			9	%				8
	$			1,140,000			11					44
	$			988,000			12					30
	$			150,000			8					15