menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics
  4. Exam
    Exam 25: The Basic Tools of Finance
  5. Question
    You Are Going to Receive a €100,000 Inheritance in Ten
Solved

You Are Going to Receive a €100,000 Inheritance in Ten

Question 56

Question 56

True/False

You are going to receive a €100,000 inheritance in ten years. If the prevailing interest rate is 6 percent, the present value of your inheritance is €55,839.48.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: Give an example of adverse selection and

Q38: If unexpected news raised people's expectations of

Q47: The value of a share is based

Q48: If interest is compounded annually, €100 placed

Q50: As a person allocates more of his

Q51: Someone who is risk averse<br>A) suffers a

Q54: Which of the following factors would a

Q57: Diversification of a portfolio can<br>A) reduce aggregate

Q88: As the interest rate increases, what happens

Q97: You have a choice among three options.Option

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines