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Paula Bonner invests $7,103.00 now for a series of $1,000 annual returns beginning one year...

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Accounting

Paula Bonner invests $7,103.00 now for a series of $1,000 annual returns beginning one year from now. Paula will earn 10% on the initial investment. How many annual payments will Paula receive? Present value of an annuity 10% Factor 10 periods 6.145 12 periods 6.814 13 periods 7.103 14 periods 7.606

a. 10 b. 12 c. 13 d. 15

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