Solved

If You Have $1000 to Invest and Are Able to Earn

Question 9

Multiple Choice

If you have $1000 to invest and are able to earn 8% p.a.interest on money invested in a bank,how much will you be willing to receive in two years' time to be indifferent between the two options?


A) $840
B) $1160
C) $1166
D) $1500

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions