Multiple Choice
If you knew that an investment was going to pay you $215,892.50 in 10 years, and you knew that the annual interest rate over that time would be 8 percent, you could calculate the present value to be:
A) $80,000.
B) $100,000.
C) $150,000.
D) $125,000.
Correct Answer:
Verified
Correct Answer:
Verified
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