Multiple Choice
LeAnn wishes to know how much she should set invest now at 7% interest in order to accumulate a sum of $5,000 in four years. She should use a table for the:
A) Present value of 1.
B) Future value of 1.
C) Present value of an ordinary annuity of 1.
D) Future value of an annuity due of 1.
Correct Answer:
Verified
Correct Answer:
Verified
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