Multiple Choice
If you start making $90 monthly contributions today and continue them for ten years, what is their future value if the compounding rate is 6 percent APR? What is the present value of this annuity?
A) $14,794.14; $8,106.61
B) $14,794.14; $8,147.14
C) $14,822.89; $8,106.61
D) $14,822.89; $8,147.14
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q124: Given a 7 percent interest rate, compute
Q125: Your company borrows $55,000 today to fund
Q126: Due to poor spending habits, Ricky has
Q127: Compute the future value in year 12
Q128: A perpetuity pays $250 per year and
Q130: What is the present value of a
Q131: What is the interest rate of a
Q132: A small business owner visits his bank
Q133: What is the interest rate of a
Q134: Your 30-year $95,000 mortgage calls for payments