Find the Amount of Each Regular Payment to Provide $14,000

question 192

Multiple Choice

Find the amount of each regular payment to provide $14,000 in 10 years, at an annual rate r = 8%, compounded annually.

• A)$1,458.28
• B)$966.41
• C)$979.21
• D)$971.86
• E)$977.96

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