8. What annuity is required over 12 years to equate with a future amount of 20,000? Assume i = 6% A. 4,185,54 B. 2,185.54 C. 3,18
8. What annuity is required over 12 years to equate with a future amount of 20,000? Assume i = 6% A. 4,185,54 B. 2,185.54 C. 3,18
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8. What annuity is required over 12 years to equate with a future amount of 20,000? Assume i = 6%
A. 4,185,54
B. 2,185.54
C. 3,185.54
D. 1.185.54
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