A 10-Year Ordinary Annuity That Provides a Return of 7

question 28

Multiple Choice

A 10-year ordinary annuity that provides a return of 7% has a present value of $15,000.What are the annual annuity payments?

• A) $2,135.66
• B) $2,038.02
• C) $2,235.44
• D) $1,500.00
• E) $2,232.84

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