You are calculating the present value of $5,000 that you will receive at the end of everyyear for the next ten years. Which table will you use to obtain the present value factor tocalculate the total present value of those $5,000 payments you will be receiving?a. Present Value of $1 tableb. Future Value of $1 tablec. Present Value of Ordinary Annuity of $1d. Future Value of Ordinary Annuity of $1

Question

You are calculating the present value of $5,000 that you will receive at the end of every
year for the next ten years. Which table will you use to obtain the present value factor to
calculate the total present value of those $5,000 payments you will be receiving?
a. Present Value of $1 table
b. Future Value of $1 table
c. Present Value of Ordinary Annuity of $1
d. Future Value of Ordinary Annuity of $1

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