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Using Proper Tables. In questions a through d , indicate whether you would use the table for determining the future value of a single sum

Using Proper Tables. In questions a through d, indicate whether you would use the table for determining the future value of a single sum (FVIF), the present value of a single sum (PVIF), the future value of an annuity (FVIFA), or the present value of an annuity (PVIFA).
a. You want to know how much you must deposit today to have $5,000 in five years.
b. You plan to contribute $300 per month to your company's retirement plan and want to know how much you will have at retirement.
c. You receive $500 as a gift for graduation, and want to know how much it will be worth in three years if you deposit it in a savings account.
d. You must decide between accebtina a lumb-sum settlement an annual pavments.
a. The table you would use is: (Select the best answer below.)
A. future value of an annuity (FVIFA).
B. future value of a single sum (FVIF).
C. present value of an annuity (PVIFA).
D. present value of a single sum (PVIF).
b. The table you would use is: (Select the best answer below.)
A. future value of a single sum (FVIF).
B. present value of a single sum (PVIF).
C. future value of an annuity (FVIFA).
D. present value of an annuity (PVIFA).
c. The table you would use is: (Select the best answer below.)
A. future value of a single sum (FVIF).
B. present value of a single sum (PVIF).
C. present value of an annuity (PVIFA).
D. future value of an annuity (FVIFA).
d. The table you would use is: (Select the best answer below.)
A. future value of an annuity (FVIFA).
B. present value of an annuity (PVIFA).
C. present value of a single sum (PVIF).
D. future value of a single sum (FVIF).
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