Solved

If the Current Rate of Interest Is 8%,then the Present

Question 64

Multiple Choice

If the current rate of interest is 8%,then the present value of an investment that pays $1000 per year and lasts 20 years is closest to:

A) $18,519.
B) $45,761.
C) $9818.
D) $20,000.

Related Questions

Q59: Use the information for the question(s)below. Suppose that

Q60: Define the following terms: (a)perpetuity (b)annuity (c)growing perpetuity (d)growing annuity

Q61: Use the following timeline to answer the

Q62: Use the information for the question(s)below. Suppose that

Q63: If the current rate of interest is

Q65: Suppose that you are considering an investment

Q66: Use the following timeline to answer the

Q67: You have been offered the following investment

Q68: The British government has a consol bond

Q69: Which of the following statements is FALSE? A)The