Multiple Choice
Present Value What is the present value of a $200 payment made in 3 years when the discount rate is 8 percent?
A) $150.00
B) $158.77
C) $251.94
D) $515.42
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: You just won the lottery and after
Q17: Solving for Rates What annual rate of
Q19: Interest-on-Interest Consider a $2,000 deposit earning 6
Q20: Moving Cash Flows What is the value
Q21: Interest-on-Interest Consider a $500 deposit earning 5
Q27: Compounding with Different Interest Rates A deposit
Q66: How are future values affected by changes
Q95: A $400 investment has doubled to $800
Q120: When your investment compounds, your money will
Q157: Scenario A: At age 27, you invest