1. For each of the following annuities, calculate the annual cash flow. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Cash Flow Present Value Years Interest Rate $ 7682.31 $ 32,500 6 11 % 29,800 8 9 161,000 11 14 232,500 18 13
2. You have been investing $250 a month for the last 13 years. Today, your investment account is worth $73,262. What is your average rate of return on your investments?
(Show Work, can use financial calculator)