Multiple Choice
You need to have $35,000 on hand to buy a new Lexus five years from today.To achieve that goal, you want to know how much you must invest today in a certificate of deposit guaranteed to return you 93% per year.To help determine what how much today investment is sum must betoday, you will use:
A) present value factors
B) future annuity value factors
C) present value factors of an annuity
D) future value factors of an annuity
Correct Answer:
Verified
Correct Answer:
Verified
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