Jim wants to invest $5 000 a year for the next 25 years to prepare for his retirement. If he wants to calculate the value of his investment at the end of the 25- year period, which of the following tables would be the best for him to use?
A) Present Value of an Annuity of $1
B) Future Value of an Annuity of $1
C) Future Value of $1
D) Present Value of $1
Correct Answer:
Verified
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