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If You Start Making $115 Monthly Contributions Today and Continue

question 96

Multiple Choice

If you start making $115 monthly contributions today and continue them for six years, what is their present value if the compounding rate is 12 percent APR? What is the present value of this annuity?


Definitions:

Neutral Third Party

An unbiased individual or group not directly involved in a dispute or negotiation, brought in to facilitate a resolution or agreement.

Conciliation Service

An intermediary service that facilitates negotiation between conflicting parties to reach an agreement, often used in labor disputes.

National Labor Relations Board

A US government agency responsible for enforcing US labor law in relation to collective bargaining and unfair labor practices.

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