Future and Present Value of an Annuity Due If You

question 84

Multiple Choice

Future and Present Value of an Annuity Due If you start making $25 monthly contributions today and continue them for 4 years, what's 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

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Definitions:

Behaviourism

A theory of learning which states that all behaviors are acquired through conditioning, emphasizing external factors over internal traits.

Functionalism

A perspective in psychology that focuses on how mental and behavioral processes function to enable individuals to adapt to their environments.

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Emotional Reactions

The spontaneous and often unconscious responses to events or stimuli that involve feelings, physiological arousal, and changes in behavior.