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To Determine How Much Must Be Deposited in the Bank

Question 17

Multiple Choice

To determine how much must be deposited in the bank today so that you can withdraw 6 annual payments beginning one year from now, which interest factor will you need?


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

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