Multiple Choice
If you start making $115 monthly contributions today and continue them for six years, what is their present value if the compounding rate is 12 percent APR? What is the present value of this annuity?
A) $5,512.90
B) $5,633.10
C) $5,882.30
D) $5,941.12
Correct Answer:
Verified
Correct Answer:
Verified
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