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9 August, 12:56

If you put up $47,000 today in exchange for a 6.75 percent, 14-year annuity, what will the annual cash flow be? (do not round intermediate calculations and round your final answer to 2 decimal places,

e. g., 32.16.)

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  1. 9 August, 16:41
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    Your answer should be 5,293.92

    C = $47,000 / 8.878105

    C = $5,293.92
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