Question

If a person deposited $50 a month for 6 years earning 8%, this would involve what type of computation?

A. Present value of a series of deposits
B. Future value of a single amount
C. Future value of a series of deposits
D. Present value of a single amount

Answer 1

C. Future value of a series of deposits

It is not B, because although Future Value of a Single Amount (FV) is similar, it is only when you deposit a certain amount one time and let it grow in value.
Your question says they deposit money more than once, so it is C.