Multiple Choice
If you knew that an investment was going to pay you $46,370 in 5 years, and you knew that the annual interest rate over that time would be 3 percent, you could calculate the present value to be:
A) $39,999.
B) $37,000.
C) $41,998.
D) $41,600.
Correct Answer:
Verified
Correct Answer:
Verified
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