If You Start Making $25 Monthly Contributions Today and Continue

question 160

Multiple Choice

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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Definitions:

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The fundamental facilities and systems serving a country, city, or area, including transportation, communication, sewage, water, and electric systems necessary for a society to function.

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