Question: A five-year regular annuity has a present value of $1,000. If the interest rate is 8 percent, which answer is closest to the annuity payment?

A five-year regular annuity has a present value of $1,000. If the interest rate is 8 percent, which answer is closest to the annuity payment? a. $184.08 b. $231.91 c. $250.44 d. $181.62

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A five-year regular annuity has a present value of $1,000. If the interest rate is 8 percent, which answer is closest to the annuity payment?Group of answer choices$181.62$231.91$184.08$250.44

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