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

Question 74

Multiple Choice

Calculate the annual cash flows of a $2 million, 10-year fixed-payment annuity earning a guaranteed 8 percent annually if the payments are to start at the end of this year.


A) $137,990.27.
B) $275,980.53.
C) $298,058.98.
D) $149,029.49.
E) $220,000.00.

Correct Answer:

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