Solved

Marc Lewis Expects an Investment of $25,000 to Return $6,595 (Use appropriate factor(s)from the tables provided.)\bold{\text{(Use appropriate factor(s)from the tables provided.)}}

Question 65

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) (Use appropriate factor(s) from the tables provided.) \bold{\text{(Use appropriate factor(s) from the tables provided.) }}


A) Three payments
B) Five payments
C) Six payments
D) Four payments
E) More than six payments

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions