You Desire to Invest $3,000 at the End of Each

Multiple Choice

You desire to invest $3,000 at the end of each year for the next five years to accumulate the funds needed for a down payment on a home. Which table factor(s) should be used to most efficiently determine the amount accumulated by the end of the five-year period?

A) Future value of $1.
B) Future value of a $1 annuity.
C) Present value of $1.
D) Present value of a $1 annuity.
E) Both Future value of $1 and Future value of a $1 annuity.