You expect to receive the following:
$1664
|
at the end of each year for 12 years
|
$15501
|
today
|
$4411
|
at the end of year 6
|
$1153
|
at the end of each year forever
|
$10920
|
at the end of 15 years
|
What is the uniform annual payment for 12 years is equivalent to the above payment if the interest rate is 8%?
Enter your answer as follow: 123456