Multiple Choice
Find the present value of $70,000 due in 8 years, given an annual rate of 8% compounded quarterly. Round tour answer to the nearest cent.
A) $37,244.73
B) $36,843.68
C) $37,044.33
D) $37,144.33
E) $37,144.53
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q199: Find the r th term in
Q200: When Jim retires in 14 years, he
Q201: Find the sum of the indicated
Q202: Assume that $800 is deposited in an
Q203: Assume that $350 is deposited at the
Q205: Find the sum of the first
Q206: Select the correct inequality. <br>A)
Q207: The Jepsens are buying a $24,600 car
Q208: Property in suburbs closer to the city
Q209: Find the 3rd term in the