Larch West invested $71,030 in exchange for a series of $10,000 annual payments beginning one year from today.If the investment pays 10% interest, how many payments will Larch receive? Use appendix Table 1, Table 2, Table 3 and Table 4.
A) 7.
B) 13.
C) 10.
D) 12.
E) None of the answers is correct.
Correct Answer:
Verified
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