Solved

How Much Must Be Invested Now to Receive $30,000 for 15

Question 67

Multiple Choice

How much must be invested now to receive $30,000 for 15 years if the first $30,000 is received today and the rate is 9%? How much must be invested now to receive $30,000 for 15 years if the first $30,000 is received today and the rate is 9%? A) $241,821 B) $263,585 C) $450,000 D) $219,375


A) $241,821
B) $263,585
C) $450,000
D) $219,375

Correct Answer:

verifed

Verified

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

Related Questions

Q62: Compound interest, rather than simple interest, must

Q63: On May 1, 2014, a company purchased

Q64: Peter invests $100,000 in a 3-year certificate

Q65: The future value of a deferred annuity

Q66: What is interest?<br>A) Payment for the use

Q68: What would you pay for an investment

Q69: Renfro Corporation will invest $70,000 every December

Q70: Stemway Company requires a new manufacturing facility.

Q71: What is the relationship between the future

Q72: If the compounding period is less than