Multiple Choice
You are considering an investment that will pay a lump sum of $50 000 at the end of six years and you decide that 9% per annum compounded monthly is an appropriate discount factor.What is the value of the investment in today's dollar terms?
A) $31 508.48
B) $32 496.57
C) $31 934.98
D) $47 846.89
Correct Answer:
Verified
Correct Answer:
Verified
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