You start making 230 montly contributions today and


You start making $230 montly contributions today and continue them for five years, what's their future value if the compounding rate is 9.25 percent APR?? (round your final answer to 2 decimal places.)

Future value annuity $______________

What is the present value of this annuity? (Round your final answer to 2 decimal places.)

Present value annuity $______________

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Financial Management: You start making 230 montly contributions today and
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