Calculate the Annual Cash Flows of a $500,000, 12-Year Fixed-Payment

question 125

Multiple Choice

Calculate the annual cash flows of a $500,000, 12-year fixed-payment annuity earning a guaranteed 6 percent per year if annual payments are to begin at the end of the current year.

• A)$59,638.51.
• B)$56,262.75.
• C)$29,819.26.
• D)$83,841.52.
• E)$28,131.37.

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