Question: Supposed you purchase a 15 -year annuity with a present value of $2 million and a return of 5% a) What are the annual cash

Supposed you purchase a 15 -year annuity with a present value

Supposed you purchase a 15 -year annuity with a present value of $2 million and a return of 5% a) What are the annual cash flow payments? b) Suppose the annuity begins 5 years from now as opposed to today. What are the annual cash flow payments of this same 15 -year annuity? c) Suppose you were to receive a fixed payment of $250,000 for 15 years. What is the present value of the annuity

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