Multiple Choice
Present Value of 1 Future Value of 1
Present Value of an Annuity of 1
Future Value of an Annuity of 1
Marc Lewis expects an investment of $25,000 to return $6,595 annually.His investment is earning 10% per year.How many annual payments will he receive?
A) Five payments
B) Six payments
C) Four payments
D) Three payments
E) More than six payments
Correct Answer:

Verified
Correct Answer:
Verified
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