If You Were to Put $1,000 in the Bank at 6

question 34

Multiple Choice

If you were to put $1,000 in the bank at 6% interest each year for the next 10 years, which table would you use to find the ending balance in your account?

• A) present value of $1
• B) future value of $1
• C) present value of an annuity of $1
• D) compound sum of an annuity of $1

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