Future and Present Value of an Annuity Due If You

question 135

Multiple Choice

Future and Present Value of an Annuity Due 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

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