Use the appropriate formula to find how much you should deposit now at 9% interest, compounded annually, to yield an annuity payment of $1,200 at the BEGINNING of each year, for 18 years

A) $10,252.36
B) $7,870.92
C) $7,486.12
D) $11,452.36


D

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What will be an ideal response?

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a. True b. False Indicate whether the statement is true or false

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