Multiple Choice
At an interest rate of 3%, what is the present value of $1000 to be received five years from now?
A) $863
B) $1667
C) $1159
D) $850
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q23: What is the total rate of return
Q24: Which of the following is a coupon
Q25: If you deposit $500 in a savings
Q26: In comparing the yield to maturity on
Q27: The only case for which the bond
Q29: What is the yield on a discount
Q30: On a coupon bond, the yield to
Q31: A simple loan involves<br>A)interest payments from the
Q32: An investor who buys a fifty-year corporate
Q33: If you deposit $10,000 in a savings