What is the amount of each annuity payment

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Reference no: EM13731413

Uptown Insurance offers an annuity due with semi-annual payments for 25 years at 6 percent interest. The annuity costs $200,000 today. What is the amount of each annuity payment?

A. $7,546.70

B. $7,600.00

C. $7,773.10

D. $7,800.00

E. $7,856.25

Reference no: EM13731413

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