Question regarding the annual cash flow


Problem:

If you put up $33,000 today in exchange for a 8.00 percent, 13-year annuity, what will the annual cash flow be?

  • $3,948.48
  • $2,538.46
  • $6,876.76
  • $4,407.70
  • $4,175.22

Note: Provide support for your rationale.

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Finance Basics: Question regarding the annual cash flow
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