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Reba Wishes to Know How Much Would Be in Her

Question 54

Multiple Choice

Reba wishes to know how much would be in her savings account in five years if she deposits a given sum in an account that earns 6% interest.She should use a table for the:


A) Future value of $1.
B) Present value of $1.
C) Future value of an annuity of $1.
D) Present value of an annuity of $1.

Correct Answer:

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