To determine how much you would need to save each year to reach a specific goal,you would use
A)Present Value of $1.
B)Future Value of $1.
C)Present Value of an annuity.
D)Future Value of an annuity.

Question

Quizplus · Accepted Answer

The Future Value of an annuity is used to calculate how much you need to save each year to reach a specific financial goal by the end of a certain period.

To Determine How Much You Would Need to Save Each