BUSN 5200 F2 2022: 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?

Posted: December 24th, 2022

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?

$5,941.12

Set BEG mode. PMT = 115; N = 72; I = 1; FV = 0; => PV = 5941.12

$5,512.90

$5,882.30

$5,633.10

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