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The FV IFA for the future value of an annuity is 4 . 6 4 1 at 1 0 % for 4 years. If we

The FV IFA for the future value of an annuity is 4.641 at 10% for 4 years. If we wish to accumulate $8,000 by the end of 4 years, how much should the annual payments be?
Multiple Choice
$2,500
$2,000
$1,724
$2,200
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