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?

Question

Quizplus · Accepted Answer

Jim wants to know the future value of his annual investment, so he should use the table that calculates the Future Value of an Annuity of $1. This table will show him how much his annual investment of $5,000 will accumulate to over the 25 year period with a certain interest rate.

Jim Wants to Invest $5,000 a Year for the Next