If You Start Making $115 Monthly Contributions Today and Continue

question 82

Multiple Choice

If you start making $115 monthly contributions today and continue them for 6 years, what is their present value if the compounding rate is 12% 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

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Definitions:

Sarcoplasm

A type of cytoplasm found in muscle cells, rich in stored lipids, glycogen, and the proteins necessary for muscle contraction.

Intercalated Discs

Specialized structures located at the cell boundaries in cardiac muscle fibers that facilitate the coordinated contraction of the heart muscle.

Cardiac Muscle

Involuntary, striated type of muscle found in the vertebrate heart. Compare with smooth muscle and skeletal muscle.

Rigor Mortis

A temporary stiffening of muscles occurring after death as a result of chemical changes in muscle tissues.