If you put up $39,000 today in exchange for a 7.50 percent, 11-year annuity, what will...

Question

Question

If you put up $39,000 today in exchange for a 7.50 percent, 11-year annuity, what will the annual cash flow be? rev: 09_17_2012

$3,545.45

$7,903.03

$5,596.22

$5,331.20

$5,072.15

Answer 1

Answer #1

Present value = 39000 Time = 1 year rate = 7.50%. Using financial calculator, PV= – 39000 1/4 = 7.50 CPT PMT = 5331- 20 Annui

Answer 2

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