Multiple Choice
Sue needs to invest $3,626 today in order for her savings account to be worth $5,000 six years from now.Which one of the following terms refers to the $3,626?
A) Present value
B) Compound value
C) Future value
D) Complex value
E) Factor value
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: Explain the time value of money principle
Q5: Twelve years ago,you deposited $3,400 into an
Q6: Which one of the following is the
Q8: You just won $50,000 and deposited your
Q9: Skyline Industries will need $1.8 million 5
Q10: Ten years from now,you will be inheriting
Q11: Which one of the following is a
Q11: Suppose that in 2010,a $10 silver certificate
Q27: Lisa has $1,000 in cash today.Which one
Q43: Lester had $6,270 in his savings account