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If You Start Making $90 Monthly Contributions Today and Continue

question 129

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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?


Definitions:

Difference Threshold

The smallest change in stimulation that is detectable by a person at least half the time, referred to as the just noticeable difference (JND).

Separation Threshold

The minimum distance or difference in stimuli required to distinguish between two separate entities or experiences.

Difference Threshold

The minimal detectable difference between two stimuli required for detection that they are not the same, also known as the just noticeable difference (JND).

Separation Threshold

The minimum distance or difference between stimuli detectable by the sensory system.

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