Multiple Choice
The interest factor (IF) for the future value of an ordinary annuity is 4.641 at 10% for four years. If we wish to accumulate $8,000 by the end of four years, how much should the annual payments be?
A) $2,500
B) $2,000
C) $1,724
D) $37,128
Correct Answer:

Verified
Correct Answer:
Verified
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