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Jerry would like to save the same amount every month until he turns 40. Which time value of money concept should he use to compute the value of his saving at that time?

a) The present value of an annuity to compute the expected future value of his equal mounthly payments

b) the future value of an annuity to compute the expected present value of his equal mounthly payments

c) the future value of an annuity to compute his equal mounthly payments

d) the future value of an annuity to compute the expected future value of his equal monthly payment

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92318984

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