Future and Present Value of an Annuity Due If You

question 12

Multiple Choice

Future and Present Value of an Annuity Due If you start making $100 monthly contributions today and continue them for 5 years, what's 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, $4,745.78

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