If $91,000 Is Invested in an Annuity That Earns an Annual

question 112

Multiple Choice

If $91,000 is invested in an annuity that earns an annual rate of 7.5%, compounded quarterly, what payments will it provide at the end of each quarter for the next 8.5 years? Round your answer to the nearest cent. ​

• A) $3,125.42
• B) $3,643.82
• C) $2,786.85
• D) $2,550.88
• E) $2,378.88

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