Multiple Choice
If the present value of $1.00 received n years from today at an interest rate of r is 0.3855, then what is the future value of $1.00 invested today at an interest rate of r% for n years?
A) $1.3855
B) $2.594
C) $1.70
D) Not enough information to solve the problem
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q64: Describe how you would go about finding
Q64: What is the present value of $10,000
Q65: The present value of a future cash
Q66: What is the present value of $5000
Q68: Mr. Hopper is expected to retire in
Q70: The rate of return on any perpetuity
Q71: You would like to have enough money
Q72: The discount rate is used for calculating
Q73: You would like to have enough money
Q74: Mr. Hopper is expected to retire in