Multiple Choice
An investment will mature in 20 years. Its maturity value is $1,000. If the discount rate is 7%, what is the present value of the investment?
A) $178
B) $258
C) $276
D) $362
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: The future value of a $100 annuity
Q8: Which of the following statements is most
Q9: Simple interest is interest earned on the
Q10: As the interest rate increases, present value
Q11: A famous athlete is awarded a $9
Q13: Which of the following statements is false?<br>A)
Q14: You want to buy a Volvo in
Q15: Discounting is an arithmetic process whereby a
Q16: The future value of $200 received today
Q17: To find out how long it will