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    Business
  3. Study Set
    Corporate Finance
  4. Exam
    Exam 4: The Time Value of Money
  5. Question
    At an Annual Interest Rate of 7%,the Present Value of $5000
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At an Annual Interest Rate of 7%,the Present Value of $5000

Question 5

Question 5

Multiple Choice

At an annual interest rate of 7%,the present value of $5000 received in five years is closest to:


A) $3565.
B) $6750.
C) $7015.
D) $7035.

Correct Answer:

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