George Jones Is Planning on a Cruise for His 70^th

question 15

Multiple Choice

George Jones is planning on a cruise for his 70^th birthday party. He wants to know how much he should set aside at the end of each month at 6% interest to accumulate the sum of $4,800 in five years. He 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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Definitions:

Presentation

The act of showing and explaining the content of a topic to an audience or learner.

Closing Techniques

Strategies or tactics applied by sales professionals to persuade a customer to make a purchase.

Buyer

An individual or organization that purchases goods or services for personal use, resale, or production.

Purchase

The act of acquiring goods or services in exchange for money, signaling a transfer of ownership.