Suppose Payments Were Made at the End of Each Month

Multiple Choice

Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 10%/year compounded monthly. If the future value of the annuity after 10 years is $70,000, what was the size of each payment? Round your answer to the nearest cent. ​

A) R = $379.20
B) R = $341.72
C) R = $284.37
D) R = $365.25