Corporate Finance

Question

Question

If you put up 34,000 today in exchange for a 7.65 percent, 15-year annuity, what will the annual cash flow be?

Answer 1

Answer #1

solve for X

X = 3887.72

Or on a financial calculator:

N = 15

I/Y = 7.65

PV = -34,000

FV = 0

CPT PMT

payments are found to be 3887.72

answered by: Merlia

Answer 2

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