Multiple Choice
Which table would you use to determine how much you would need to have deposited three years ago at 10% compounded annually in order to have $1,000 today?
A) Future value of 1 or present value of 1
B) Future value of an annuity due of 1
C) Future value of an ordinary annuity of 1
D) Present value of an ordinary annuity of 1
Correct Answer:
Verified
Correct Answer:
Verified
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