Multiple Choice
If you start making $100 monthly contributions today and continue them for five years, what is their future value if the compounding rate is 10 percent APR? What is the present value of this annuity?
A) $508.14, $487.74
B) $512.64, $491.80
C) $7,743.71, $4,706.53
D) $7,808.24, $4,745.76
Correct Answer:
Verified
Correct Answer:
Verified
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