You Want to Have $50,000 in a Savings Account 8

Multiple Choice

You want to have $50,000 in a savings account 8 years from today and you are going to make payments every month to achieve this goal.To determine the amount of monthly payments you have to make starting today you will need to use which of the following?

A) present value of an annuity of $1 per period
B) future value of an annuity of $1 per period
C) present value of the amount of $1
D) future value of the amount of $1