The Strug Company purchased office furniture and equipment for $$8,600$ and agreed to pay for the purchase by making five annual installment payments beginning immediately. The installment payments include interest at $8\%.$ What is the required annual installment payment? $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

Multiple Choice

$$1,720$

$$2,154$

$$1,994$

$$1,466$

Pre.y$.$

$17$ of $20$

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