Below are excerpts from interest tables for 8% interest.
Column 4 is an interest 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.

Question

Quizplus · Accepted Answer

The present value of an annuity of $1 table is the most useful for calculating the worth of a series of equal payments made at regular intervals, such as a loan or lease payment.

Below Are Excerpts from Interest Tables for 8% Interest