1
For each of the following annuities, calculate the annuity payment.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Annuity Payment
Future Value
Years
Interest Rate
$
25,550
8
5%
$
1,100,000
40
7
$
940,000
26
8
$
146,000
15
4