If Jethro Wanted to Save a Set Amount Each Month

question 12

Multiple Choice

If Jethro wanted to save a set amount each month in order to buy a new pick-up truck when the new models are next available, which time value concept would be used to determine the monthly payment?

• A) Present value of one.
• B) Future value of one.
• C) Present value of an annuity due.
• D) Future value of an ordinary annuity.

---

Definitions:

Problematic

Constituting or presenting a problem or difficulty.

Inner Conflict

A psychological struggle within a person's mind, often involving opposing emotions, desires, or beliefs that create emotional turmoil.

Whiners

Individuals who frequently complain in a prolonged, often exaggerated manner about problems or situations.

Complainers

Individuals who express dissatisfaction or grievances frequently.