LeAnn Wishes to Know How Much She Should Set Aside

question 24

Multiple Choice

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

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

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