Deborah Smith wants to go on a cruise to celebrate her 60th birthday. She wants to know how much she needs to deposit today in savings account that pays 6% interest, compounded quarterly, in order to accumulate $5,000 for the cruise in five years. She should use a table for the:

Multiple Choice

• Future Value of an Ordinary Annuity of $1

• Future Value of an Annuity Due of $1

• Present Value of $1

• Present Value of an Ordinary Annuity of $1