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Find the Present Value of the Future Amount $24,000\$ 24,000 For 11 Months; Money Earns

Question 109

Multiple Choice

Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent.
- $24,000\$ 24,000 for 11 months; money earns 6%6 \%


A) $22,857.14\$ 22,857.14
B) $22,641.51\$ 22,641.51
C) $1251.18\$ 1251.18
D) $22,748.82\$ 22,748.82

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