$--$ of $5$ points

Question $10$

Patty is planning a nice tropical vacation for next summer. She is saving $$250$

per month, at $1\mathrm{.}5\%,$ for the next ten months so she can pay cash for her trip.

What type of TVM problem is this?

$($Select the best answer below.$)$

A$.$ Present value of an annuity.

B$.$ Present value of a lump sum.

C$.$ Future value of a lump sum.

D$.$ Time of an annuity.

E$.$ Future value of an annuity.