Multiple Choice
If $67,000 is invested in an annuity that earns an annual rate of 8.0%, compounded quarterly, what payments will it provide at the end of each quarter for the next 6.5 years? Round your answer to the nearest cent.
A) $2,823.46
B) $3,329.85
C) $2,490.47
D) $2,256.48
E) $2,084.31
Correct Answer:
Verified
Correct Answer:
Verified
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