Multiple Choice
What is the present value of $11,463 to be received 7 years from today? Assume a discount rate of 3.5% compounded annually and round to the nearest $1.
A) $5,790
B) $6,508
C) $7,210
D) $9,010
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q79: Today is your 21st birthday and your
Q80: The future value of an annuity will
Q81: Two sisters each open IRAs in 2011
Q82: Charlie wants to retire in 15 years,and
Q83: You wish to accumulate $10,000 by depositing
Q85: If we invest money for 10 years
Q86: The time value of money is the
Q87: How much money must you pay into
Q88: A timeline identifies the timing and amount
Q89: Your son will be attending an expensive