Question: If Aries wanted to save a set amount each month in order to buy a computer when the new models are next available, which time

If Aries wanted to save a set amount each month in order to buy a computer when the new models are next available, which time value concept would be used to determine the monthly payment:

(1). Present value of single sum payment

(2). Future value of single sum payment

(3). Present value of an annuity due

(4). Present value of an ordinary annuity

(5). Future value of an ordinary annuity

You may choose more than one time value concepts.

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