If You Were to Put $5,000 in the Bank at 4

question 14

Multiple Choice

If you were to put $5,000 in the bank at 4% interest each year for the next 8 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) Future value of an annuity of $1

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