Answer:
$3952.13
Step-by-step explanation:
Annuity amount = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
FV = Future value = $75,000
R = interest rate = 8%
N = number of years = 12
Annuity factor = [(1/08)^12 - 1 ] / 0.08 = 1.8977126
Annuity amount = $75,000 / 1.8977126 = $3952.13
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Answer:
A, C, D
Step-by-step explanation:
A, C, D
