Fred wants to save enough money each year so that he can purchase a sports car in January 2008.

Fred receives a large bonus from his employer every December 3 1 . He anticipates that the car will cost $54,000 on January 1 , 2008. In order for Fred to calculate how much he needs to save each December 3 1 , he will need to have which of the following?

a. The anticipated interest rate and the present value of $1 table.

b. The anticipated interest rate and the future value of $1 table.

c. The anticipated interest rate and the present value table for annuities,

d. The anticipated interest rate and the future value table for annuities.