Multiple Choice
The IF for the future value of an annuity is 4.641 at 10% for 4 years. If we wish to accumulate $8,000 by the end of 4 years, how much should the annual payments be?
A) $2,500
B) $2,000
C) $1,724
D) none of these
Correct Answer:
Verified
Correct Answer:
Verified
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