If You Put Up $46,000 Today in Exchange for a 6.75

question 89

Multiple Choice

If you put up $46,000 today in exchange for a 6.75 percent 15-year annuity,what will the annual cash flow be?

• A)$4,519.27
• B)$4,666.67
• C)$4,971.10
• D)$5,203.16
• E)$5,338.09

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Definitions:

Labour

The human workforce involved in productive work, especially physical work, in an economy or for a specific project or company.

Profit Margins

measure the difference between the cost of producing a product or service and its selling price, expressed as a percentage of the sales price.

Maximum Amounts

The highest permissible or possible quantities or levels of something.

Slack

The amount of time that a project task can be delayed without causing a delay to subsequent tasks or the whole project.