Connie Wants to Have an Annuity Payment of $2,000 at the END

question 81

Multiple Choice

Connie wants to have an annuity payment of $2,000 at the END of every three months. How much should she deposit now at 6% interest, compounded quarterly, to yield this payment for 3 years? (Use Table 12-2 in your text)

• A) $21,815.02
• B) $20,786.85
• C) $21,577.10
• D) $22,783.26

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