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LeAnn Wishes to Know How Much She Should Set Aside

Question 2

Multiple Choice

LeAnn wishes to know how much she should set aside now at 7% interest in order to accumulate a sum of $5,000 in four years.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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