Multiple Choice
Don wants to know how much he needs to save every year to amass $15,000 in five years at a 5% interest rate. What is he calculating using his financial calculator?
A) Present value
B) Future value
C) Interest rate
D) Payment
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q47: The time value of money can be
Q48: If Lucky Louie won a lottery and
Q49: The future value of an ordinary annuity
Q50: The process of obtaining present values is
Q51: An annuity due differs from an ordinary
Q53: The concept of time value of money
Q54: Lisa wants to know how much savings
Q55: The concept that a dollar received today
Q56: Use the following two columns of items
Q57: The earning of interest on interest over