Heidi Wishes to Deposit an Amount into Her Savings Account

Multiple Choice

Heidi wishes to deposit an amount into her savings account that will enable her to withdraw $800 per year for the next four years. She should deposit $800, multiplied by the

A) present value of a single sum factor.
B) present value of an ordinary annuity factor.
C) future value of a single sum factor.
D) future value of an ordinary annuity factor.