Question: Caitlin wants to save a specific amount each month so that she can buy the newest model of a snowmobile when it comes out. The

Caitlin wants to save a specific amount each month so that she can buy the newest model of a snowmobile when it comes out. The time value concept she should use to determine this monthly payment would be the

Select answer from the options below

present value of one.

future value of one.

present value of an annuity.

future value of an annuity.

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