Multiple choice: Time value of money (TVM) for Cathy, Don Corp, Carol Thomas
Cathy sets aside $2,000 each year for 5 years. She then withdraws the funds on an equal annual basis for the next 4 years. If Cathy wishes to determine the amount of the annuity to be withdrawn each year, she should use the following two tables in this order: a. present value of an annuity of $1; future value of an annuity o