- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 6. The Time Value of Money
- Subject 4. The Future Value and Present Value of a Series of Equal Cash Flows (Ordinary Annuities, Annuity Dues, and Perpetuities)

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**CFA Practice Question**

You are trying to accumulate $5,000 in a savings account at the end of 4 years. The savings account pays 7% per year and you plan to make yearly deposits at the end of each year. How large must the deposits be?

A. $1,337.50

B. $1,250.00

C. $1,126.14

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