Calculate the Annual Cash Flows of a $2 Million, 10-Year

question 45

Multiple Choice

Calculate the annual cash flows of a $2 million, 10-year fixed-payment deferred annuity earning a guaranteed 8 percent per year if annual payments are to begin at the end of the sixth (6^th) year.

• A)$218,973.21.
• B)$202,752.97.
• C)$343,321.86.
• D)$405,505.95.
• E)$437,946.42.

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Definitions:

SSRI Medications

Drugs categorized as selective serotonin reuptake inhibitors, used primarily to treat depression and anxiety by increasing serotonin levels in the brain.

Synaptic Gap

The small space between two neurons, across which neurotransmitters move to transmit impulses.

Serotonin

A neurotransmitter involved in many processes in the body including mood regulation, digestion, and sleep.

Acetylcholine

A neurotransmitter involved in many functions including muscle activation, memory, and learning.