Multiple Choice
What is the present value of a payment of $21,000 three years from now if the effective annual interest rate is 4%?
A) $17,951
B) $18,480
C) $18,658
D) $18,669
E) $19,218
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: Today,you turn 21. Your birthday wish is
Q42: You would like to establish a trust
Q43: One year ago,you invested $3,000. Today it
Q44: Janet plans on saving $3,000 a year
Q45: What is the different between an ordinary
Q47: You borrow $5,600 to buy a car.
Q48: A court settlement awarded an accident victim
Q49: Find the present value of $5,325 to
Q50: You buy an annuity which will pay
Q51: What is the future value of $2,400