If you put up $41,000 today in exchange for a 6.75 percent, 14-year annuity, what will the annual cash flow be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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E9
Mc
Graw
Hill
If you put up $41,000 today in exchange for a 6.75 percent, 14-year annuity, what will the
annual cash flow be? (Do not round intermediate calculations and round your answer
to 2 decimal places, e.g., 32.16.)
Answer is complete but not entirely correct.
Annual cash flow
$ 101,357.54 X
@
2
#3
3
80
S4
$
4
000
000
%
5
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MacBook Pro
*
A
9 of 15
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8
Transcribed Image Text:Mc Graw Hill If you put up $41,000 today in exchange for a 6.75 percent, 14-year annuity, what will the annual cash flow be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Annual cash flow $ 101,357.54 X @ 2 #3 3 80 S4 $ 4 000 000 % 5 < Prev MacBook Pro * A 9 of 15 6 3 & 7 Next > A 8
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