pala9vlesummmmywalk pala9vlesummmmywalk

05-02-2017
Business

Answered

If you put up $52,000 today in exchange for a 6.5 percent, 16-year annuity, what will the annual cash flow be?

Verified Answer :

MissPhiladelphia MissPhiladelphia

14-02-2017

Hi, thank you for posting your question here at Brainly.

We use an equation to solve this problem:

\(P = A[ \frac{1- (1+i)^{-n} }{i} ]\)

where P = $52,000
i = 0.065
n = 16

@@MATH_TOKEN_1@@

A = $5,323.63 per year

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