Question: Problem 6-5 Calculating Annuity Cash Flows [LO1] If you put up $42,000 today in exchange for a 6.50 percent, 16-year annuity, what will the annual

Problem 6-5 Calculating Annuity Cash Flows [LO1]

If you put up $42,000 today in exchange for a 6.50 percent, 16-year annuity, what will the annual cash flow be? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

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