Use the appropriate formula to find how much you should deposit now at 7% interest, compounded annually, to yield an annuity payment of $800 at the BEGINNING of each year, for 14 years.
A) $6,996.37
B) $7,870.92
C) $7,486.12
D) $8,421.89

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The Answer of Use the appropriate formula to find how much you should deposit now at 7% interest, compounded annually, to yield an annuity payment of $800 at the BEGINNING of each year, for 14 years.
A) $6,996.37
B) $7,870.92
C) $7,486.12
D) $8,421.89

Use the Appropriate Formula to Find How Much You Should