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Reba Wishes to Know How Much Would Be in Her

Question 3

Multiple Choice

Reba wishes to know how much would be in her savings account in five years if she deposits a given sum in an account that earns 6% interest.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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