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For each of the following annuities, calculate the annual cash flow. (Do not round intermediate calculations and round your a
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Answer #1

Present value of annuity formula = C × [1-(1+i)-n]/i

Case 1)

$31600 = C × [1- 1.09-6]/0.09

$31600 = C × 4.485919

C = $7044.27

Case 2)

$28450 = C × [1-1.07-8]/0.07

$28450 = C × 5.971299

C = $4764.46

Case 3)

$147500 = C × [1-1.12-12]/0.12

$147500 = C × 6.194374

C = $23811.93

Case 4)

$216300 = C × [1-1.11-16]/0.11

$216300 = C × 5.889232

C = $36728.05

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