If you put up $30,000 today in exchange for a 6.50 percent, 15-year annuity, what will the annual cash flow be?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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If you put up $30,000 today in exchange for a 6.50 percent, 15-year annuity, what will
the annual cash flow be?
Multiple Choice
$3.190.58
$2,000.00
$2,988.77
$3,398.62
$7,539.55
Transcribed Image Text:If you put up $30,000 today in exchange for a 6.50 percent, 15-year annuity, what will the annual cash flow be? Multiple Choice $3.190.58 $2,000.00 $2,988.77 $3,398.62 $7,539.55
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