LeAnn wishes to know how much she should set aside now at 7% interest in order to accumulate a sum of $5,000 in four years.She should use a table for the:

Question

Quizplus · Accepted Answer

To find out how much to set aside now to accumulate a future sum, LeAnn should use the present value of $1 table, which helps determine the current amount needed to reach a future value given a specific interest rate and time period.

LeAnn Wishes to Know How Much She Should Set Aside