A Company Wishes to Make Annual Contributions into a Fund

Multiple Choice

A company wishes to make annual contributions into a fund intended to retire $700,000 in debt five years from now.The amount to contribute each year equals $700,000

A) divided by the appropriate future value of an ordinary annuity factor.
B) times the appropriate present value of an ordinary annuity factor.
C) times the appropriate future value of an ordinary annuity factor.
D) divided by the appropriate present value of an ordinary annuity factor.