Multiple Choice
Your great-aunt left you an inheritance in the form of a trust. The trust agreement states that you are to receive $2,500 on the first day of each year,starting immediately and continuing for fifty years. What is the value of this inheritance today if the applicable discount rate is 6.35%?
A) $36,811.30
B) $37,557.52
C) $39,204.04
D) $39,942.42
E) $40,006.09
Correct Answer:
Verified
Correct Answer:
Verified
Q124: If a student borrows $20,000 to start
Q125: You are considering a project with the
Q126: You hope to buy your dream house
Q127: Today,you signed loan papers agreeing to borrow
Q128: Today is January 1. Starting today,Sam is
Q129: What is the effective annual rate of
Q130: You retire at age 60 and expect
Q131: What is the effective annual rate if
Q132: You are considering an annuity which costs
Q134: Your credit card company charges you 1.5%