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QUESTION
A. calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 25-year annuity is $1.8 million and the annuity earns a guaranteed annual return of 12 pe
A. calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 25-year annuity is $1.8 million and the annuity earns a guaranteed annual return of 12 percent. the payments are to begin at the end of the current year.
