Present and Future Value Tables of $1 at 9% Are

question 28

Multiple Choice

Present and future value tables of $1 at 9% are presented below.

-LeAnn wishes to know how much she should invest now at 7% interest in order to accumulate a sum of $5,000 in four years. She should use a table for the:

• A) Present value of $1.
• B) Future value of $1.
• C) Present value of an ordinary annuity of $1.
• D) Future value of an annuity due of $1.

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