Multiple Choice
You are considering investing in a retirement fund that requires you to deposit $5,000 per year, and you want to know how much the fund will be worth when you retire. What financial technique should you use to calculate this value?
A) Future value of a single payment
B) Future value of an annuity
C) Present value of an annuity
D) Present value of a perpetuity
Correct Answer:
Verified
Correct Answer:
Verified
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