You desire to invest $3,000 at the end of each year for the next five years to accumulate the funds needed for a down payment on a home.Which table factor(s) should be used to most efficiently determine the amount accumulated by the end of the five-year period?
A) Future value of $1.
B) Future value of a $1 annuity.
C) Present value of $1.
D) Present value of a $1 annuity.
E) Both Future value of $1 and Future value of a $1 annuity.
Correct Answer:
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