How much money to set aside at beginning of each month

Reference no: EM13159742

George Jones is planning on a cruise for his 70th birthday party. He wants to know how much he should set aside at the beginning of each month at 6% interest to accumulate the sum of $4,800 in five years. He should use a table for the:

Future value of an ordinary annuity of 1.
Future value of an annuity due of 1.
Future value of 1.
Present value of an annuity due of 1.

Reference no: EM13159742

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