Solved

Find the Amount of Each Regular Payment to Provide $22,500

Question 211

Multiple Choice

Find the amount of each regular payment to provide $22,500 in 13 years, at an annual rate r = 6%, compounded annually.

A) $1,203.75
B) $1,202.95
C) $1,214.30
D) $1,208.10
E) $1,191.60

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