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If we wish to accumulate $8,000 by the end of 4 years, how much should the annual payments be if we receive an interest rate

If we wish to accumulate $8,000 by the end of 4 years, how much should the annual payments be if we receive an interest rate of 10% on our investments?


The first payment is made at the end of each year.


A. $2200

B. $2,000

C. $1,723.77

D. $2,200

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