Question: If a 5 -year ordinary annuity has a present value of $1,000. If the interest rate is 6%, what is the amount of each annuity

If a 5 -year ordinary annuity has a present value of $1,000. If the interest rate is 6%, what is the amount of each annuity payment? $306.25$251.92$237.40$245.65

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