Multiple Choice
If you knew that an investment was going to pay you $1,188,757 in 20 years, and you knew that the annual interest rate over that time would be 2 percent, you could calculate the present value to be:
A) $1,000,000.
B) $1,500,000.
C) $905,000.
D) $800,000.
Correct Answer:
Verified
Correct Answer:
Verified
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