Multiple Choice
Marc Lewis expects an investment of $25,000 to return $6,595 annually.His investment is earning 10% per year.How many annual payments will he receive? (PV of $1,FV of $1,PVA of $1,and FVA of $1)
A) Three payments
B) Five payments
C) Six payments
D) Four payments
E) More than six payments
Correct Answer:

Verified
Correct Answer:
Verified
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