Multiple Choice
For each of the following situations in A through D, indicate the abbreviation of the table that should be used to solve for the solution requested.Place the abbreviation of the respective table in the space provided.You may use each table more than once or not at all.
-You want to buy a house for $200,000 and finance it with interest compounded monthly.If it is financed over a 12?year period, what will be the amount of each annual payment, the first of which will be due at the beginning of the first year?
A) PVOA Present value of an ordinary annuity
B) PVAD Present value of an annuity due
C) PV Present value of a sum
D) FVOA Future value of an ordinary annuity
E) FVAD Future value of an annuity due
F) FV Future value of a sum
Correct Answer:

Verified
Correct Answer:
Verified
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