Multiple Choice
You have set a $100,000 goal for a college funds for your newborn child.You plan on having a fixed amount taken from your salary each month to meet this goal.The calculation to determine the monthly amount is called
A) planning and budgeting.
B) present value of an annuity.
C) future value of an annuity.
D) future value of a series of single payments.
Correct Answer:
Verified
Correct Answer:
Verified
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