Question: Use the future-value formula o to calculate the annual amount that needs to be deposited over a 20-year period so that an ordinary annuity accrues

Use the future-value formula o to calculate the annual amount that needs to be deposited over a 20-year period so that an ordinary annuity accrues $100,000 if it earns 7.5%, compounded annually?

A. $2,209.22

B. $2,309.22

C. $2,359.22

D. $2,300.22

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