Multiple Choice
Jerry wants to know how much he needs to save every year to accumulate $15,000 in five years at a 10% interest rate. Which of the following tables should he use?
A) Present value of $1
B) Present value of an ordinary annuity
C) Future value of $1
D) Future value of an ordinary annuity
Correct Answer:
Verified
Correct Answer:
Verified
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