Answer-1)
Solution:
1) $7116.78
Working: $32,900 (A/G, 8%, 6) = 32,900 * 0.2163 = 7116.78
2) $4895.49
Working: $30,400 (A/G, 6%, 8) = 30,400 * 0.1610 = 4895.49
3) $23,223.90
Working: $167,000 (A/G, 11%, 15) = 167,000 * 0.1391 =
23,223.90
4) $31,514.26
Working: $239,700 (A/G, 10%, 15) = 239,700 * 0.1315 =
31,514.26
As per policy we have to answer first question
Problem 5-5 Calculating Annuity Cash Flows [LO 1) For each of the following annuities, calculate the...
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