Use an annuity table to find the periodic payment that will render the sum. Round to the nearest cent.S = $280,000, interest is 5% compounded semiannually, payments made at the end of each semiannual period for 8 years
A. $11,835.57
B. $29,322.10
C. $14,447.72
D. $32,050.86
Answer: C
Mathematics
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