A savings schedule with a zero ending balance means that
A)annual deposits are sufficient to meet all goals.
B)more savings are needed each year.
C)the most desirable schedule has been determined.
D)some goals will not be achieved.

Question

Quizplus · Accepted Answer

A savings schedule with a zero ending balance means that annual deposits are sufficient to meet all goals. This implies that all the financial goals set have been achieved, and there is no additional savings needed for the coming year. Therefore, option A is the correct answer.

A Savings Schedule with a Zero Ending Balance Means That