Question: Using Proper Tables. In questions a through d , indicate whether you would use the table for determining the future value of a single sum
Using Proper Tables. 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 $ in five years.
b You plan to contribute $ per month to your company's retirement plan and want to know how much you will have at retirement.
c You receive $ as a gift for graduation, and 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 accebtina a lumbsum settlement an annual pavments.
a The table you would use is: Select the best answer below.
A future value of an annuity FVIFA
B future value of a single sum FVIF
C present value of an annuity PVIFA
D present value of a single sum PVIF
b The table you would use is: Select the best answer below.
A future value of a single sum FVIF
B present value of a single sum PVIF
C future value of an annuity FVIFA
D present value of an annuity PVIFA
c The table you would use is: Select the best answer below.
A future value of a single sum FVIF
B present value of a single sum PVIF
C present value of an annuity PVIFA
D future value of an annuity FVIFA
d The table you would use is: Select the best answer below.
A future value of an annuity FVIFA
B present value of an annuity PVIFA
C present value of a single sum PVIF
D future value of a single sum FVIF
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