AACE International CCP Exam With Confidence Using Practice Dumps

Given Scenario:

The company needs to have $100,000 in five years, and you need to determine how much should be invested at the end of each year.

This involves calculating the annuity payment using the formula:

P=FV×r(1+r)n−1P = \frac{FV \times r}{(1 + r)^n - 1}P=(1+r)n−1FV×r​

where:

FV=100,000FV = 100,000FV=100,000

r=0.10r = 0.10r=0.10

n=5n = 5n=5

P=100,000×0.10(1+0.10)5−1=10,0000.61051≈15,937P = \frac{100,000 \times 0.10}{(1 + 0.10)^5 - 1} = \frac{10,000}{0.61051} \approx 15,937P=(1+0.10)5−1100,000×0.10​=0.6105110,000​≈15,937

Answer:A. $15,937

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