Multiple Choice
If we wish to accumulate $8,000 by the end of 4 years,how much should the annual payments be if we receive an interest rate of 10% on our investments? The first payment is made at the end of each year.
A) $1,379.24
B) $1,567.06
C) $1,723.77
D) $2,000.00
Correct Answer:
Verified
Correct Answer:
Verified
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