The FV_IFA for the Future Value of an Annuity Is

question 96

Multiple Choice

The FV_IFA 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) $2,200

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