Calculating multiple cash flows for a year

Reference no: EM1312181

Excel spreadsheet and the FV<PV< and PMT functions to determine the amount of each of the following. R=annual interest rate and t= number of years. When there are multiple cash flows per year, the amount of the annuity shown below is the amount of each individual cash flow (not the total cash flow for the year). Round all answers to the nearest dollar.

The annual annuity payment that will provide $13,400 in eight years when R= 9% compounded annually.

Reference no: EM1312181

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