Question: If a 4 2 - year ordinary annuity has a present value of $ 1 2 2 , 5 0 7 . 0 0 ,

If a 42-year ordinary annuity has a present value of $122,507.00, and if the interest rate is 7.6 percent, what is the amount of each annuity payment?
$9,660.69
$9,560.60
$9,260.69
$9,460.69
$9,760.69
 If a 42-year ordinary annuity has a present value of $122,507.00,

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