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Edgar expects a one - time investment of $ 2 5 , 0 0 0 to return $ 6 , 5 9 5 annually. His

Edgar expects a one

-

time investment of $

25, 000

to return $

6, 595

annually. His investment is earning

10 %

per year. How many annual payments will he receive?

(

PV of $

1,

FV of $

1,

PVA of $

1,

and FVA of $

1) (

Use appropriate factor

(

)

from the tables provided.

)

Multiple Choice

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