Multiple Choice
To determine the amount to be deposited in a bank today to grow to $5,000 three years from now at 7%,which table should be used?
A) Present value of 1.
B) Future value of 1.
C) Present value of an annuity.
D) No table is required;just multiply $5,000 by 1.07.
Correct Answer:
Verified
Correct Answer:
Verified
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