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Which table to use to forecast the account balance

Clementine is part owner of a mining venture. A saver by nature, she puts part of her profits into a 6% savings account every other month. The first month she deposited $50. She has increased each of three subsequent deposits by $10. If she wants to fore- cast what the account balance will be after 10 months, she should use which of the following tables?

a. Future value of a single sum

b. Future value of an annuity

c. Present value of a single sum

d. Present value of an annuity

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Finance Basics: Which table to use to forecast the account balance

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