George Jones is planning on a cruise for his 70th birthday party. He wants to know how much he should set aside at the end of each month at 6% interest to accumulate the sum of $4,800 in five years. He should use a table for the:
A. Present value of $1.
B. Future value of an annuity of $1.
C. Future value of $1.
D. Present value of an annuity of $1.
Answer: B
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