Janice Hardin sets aside $5000 each year for 10 years she then withdraws the fun

Question

Janice Hardin sets aside $5000 each year for 10 years she then withdraws the funds on an equal annual basis for the next 10 years the two tables she should use in the correct order are
A. Present value of annuity of one dollar future value of an annuity of one dollar B Future value of an annuity of one dollar present value of annuity of one dollar C. Future value of an annuity of one dollar present value of a dollar D. Future value of an annuity of one dollar future value of one dollar Janice Hardin sets aside $5000 each year for 10 years she then withdraws the funds on an equal annual basis for the next 10 years the two tables she should use in the correct order are
A. Present value of annuity of one dollar future value of an annuity of one dollar B Future value of an annuity of one dollar present value of annuity of one dollar C. Future value of an annuity of one dollar present value of a dollar D. Future value of an annuity of one dollar future value of one dollar
A. Present value of annuity of one dollar future value of an annuity of one dollar B Future value of an annuity of one dollar present value of annuity of one dollar C. Future value of an annuity of one dollar present value of a dollar D. Future value of an annuity of one dollar future value of one dollar

Explanation / Answer

Answer

B Future value of an annuity of one dollar present value of annuity of one dollar

Note : In this problem we need to calculate Future Value at 10 Year using Future value of an annuity of one dollar and than to calculate the Equal Annual payment using Future Value at 10 Year and Present Value of an annuity of one dollar table

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