Question
he future value of an annuity is 5.751 at 7% for 5 years. If we wish to accumulate $16,000 by the end of 5 years,
he future value of an annuity is 5.751 at 7% for 5 years. If we wish to accumulate $16,000 by the end of 5 years, how much should the annual payments be? Use Appendix C to calculate the answer.
Multiple Choice
$3,558
$3,058
$2,782
none of these
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Global Corporate Finance A Focused Approach
Authors: Kenneth Kim, Suk Kim
3rd Edition
9811207119, 9789811207112
