Marc Lewis expects an investment of $25,000 to return $6,595 annually. His investment is earning 10% per year. How many annual payments will he receive? (^PV^of^$1, ^FV^of^$1, ^PVA^of^$1, and ^FVA^of^$1) (Use appropriate factor(s) from the tables provided.) A) Five payments B) More than six payments C) Six payments D) Four payments E) Three payments

Question

Quizplus · Accepted Answer

The Answer of Marc Lewis expects an investment of $25,000 to return $6,595 annually. His investment is earning 10% per year. How many annual payments will he receive? (^PV^of^$1, ^FV^of^$1, ^PVA^of^$1, and ^FVA^of^$1) (Use appropriate factor(s) from the tables provided.) A) Five payments B) More than six payments C) Six payments D) Four payments E) Three payments

Marc Lewis Expects an Investment of $25,000 to Return $6,595