For each of the following annuities, calculate the annual cash flow. (Enter rounded anware adirected, but do not use rounded numbers in intermediate calculations. 2 nswers to 2 decimal places (e.g., 32.16).): Years Cash Flow Present Value Interest Rate $ 36,800 27,500 145,000 215,000 11% 6 8 8 15 6 20
We can find the annual payment using PMT function of excel. The PMT function works with following inputs: PMT (Rate, Nper, -PV, FV) where
Rate = Interest rate per period
Npe...
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