Hilda Wishes to Deposit an Amount into Her Savings Account

Multiple Choice

Hilda wishes to deposit an amount into her savings account that will enable her to withdraw $1,600 per year for the next four years.She should deposit an amount equal to $1,600 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.