Multiple Choice
Assume that the desired rate of return is 10% and that interest is compounded annually. Identify how much must be invested today to have $10,000 in 5 years and 10 years, respectively.
A) $5,000; $1,000
B) $3,791; $6,145
C) $6,209; $3,855
D) $1,000; $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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