Question: You will need 5 , 0 0 0 in 4 years for a down payment on a used car. Which Time Value of Money Principle

You will need

5, 000

4

years for a down payment on a used car. Which Time Value of Money Principle would you use if you wanted to know how much to deposit today, to be able to have the desired

5, 000 ?

Question

10

options:

Future Value of Annuity

Present Value

Present Value of Annuity

Future Value

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