In questions a through d, indicate whether you would use the table for determining the future value of a single sum ( FVIF ), the present value of a single sum ( PVIF ), the future value of an annuity ( FVIFA), or the present value of an annuity ( PVIFA).
a. You want to know how much you must deposit today to have $ 5,000 in five years.
b. You plan to contribute $ 300 per month to your company’s retirement plan and want to know how much you will have at retirement.
c. You received $ 500 as a gift for graduation, and you want to know how much it will be worth in three years if you deposit it in a savings account.
d. You must decide between accepting a lump-sum settlement and annual payments.

  • CreatedOctober 13, 2015
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