Multiple Choice
If an 8-year annuity due has a Future Value (FV) of $10,000 and the interest rate is 7%, what is the amount of each annuity payment?
A) Less than $900
B) $901 - $925
C) $926 - $950
D) $951 - $975
E) More than $975
Correct Answer:
Verified
Correct Answer:
Verified
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