Question: A 5 - year ordinary annuity has a future value of $ 2 , 5 0 0 . If the interest rate is 1 0

A 5-year ordinary annuity has a future value of $2,500. If the interest rate is 10 percent, the amount of each annuity payment is closest to which of the following?
a
$409
b
$429
c
$439
d
$419

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