Answered: If you put up $30,000 today in exchange…

If you put up $30,000 today in exchange for a 8.75 percent, 12-year annuity, what will the annual cash flow be? Multiple Choice $4,349.12 O $3,929.44 $4,136.90 O $5,723.12 $2,500.00

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 1MC

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Question

f1.

Subject :- Finance

If you put up $30,000 today in exchange for a 8.75 percent, 12-year annuity, what will the
annual cash flow be?
Multiple Choice
O $4,349.12
O $3,929.44
O $4,136.90
O $5,723.12
O $2,500.00

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