A. calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 15-year annuity is $1.6 million and the annuity earns a guaranteed annual return of 10 percent. the payments are to begin at the end of the current year. (do not round intermediate calculations. round your answer to 2 decimal places. (e. g., 32.16))
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