Allison is taking out a loan for a new car. She will have to make monthly payments at the end of each month. What kind of TVM problem she is solving?

Question $7$Select one:

a$.$

PV of a lump sum

b$.$

FV of a lump sum

c$.$

PV of an ordinary annuity

d$.$

FV of an annuity due

e$.$

FV of an ordinary annuity

Question $6$Select one:

a$.$

FV of a lump sum

b$.$

PV of an annuity

c$.$

PV of a lump sum$$

d$.$

FV of an annuity

e$.$

PMT