Multiple Choice
What is the present value of your trust fund if it promises to pay you $50,000 on your 30th birthday (7 years from today) and earns 10% compounded annually?
A) $25,000.00
B) $25,657.91
C) $28,223.70
D) $29,411.76
Correct Answer:
Verified
Correct Answer:
Verified
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