Lisa Wants to Know How Much Savings She Would Accumulate

Multiple Choice

Lisa wants to know how much savings she would accumulate in 15 years if she saves $2,000 per year and her savings earns 4% per year. She needs to determine the

A) present value of an annuity.
B) annuity amount.
C) future value of one specific dollar amount today.
D) future value of an annuity.