If You Start Making $25 Monthly Contributions Today and Continue

question 160

Multiple Choice

If you start making $25 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 6 percent APR? What is the present value of this annuity?

• A) $101.26, $99.26
• B) $1,352.45, $1,064.51
• C) $1,359.21, $1,069.83
• D) $2,171.02, $1,516.03

---

Definitions:

Proportion of Wins

The ratio or fraction representing the number of successes or victories compared to the total number of trials or attempts.

Tenure-Track Woman

A female academic faculty member who is in a position where she can earn tenure, a form of job security and permanence in academia.

Tenure

The status of having a permanent position, especially in an educational setting, which provides a degree of job security.

Adjunct

An accessory, addition, or helper that is not essential but can be used in conjunction with the main entity.