Multiple Choice
Drew receives an inheritance that pays him $54,000 every three months for the next two years. Which of the following is closest to the present value (PV) of this inheritance if the interest rate is 8.9% (EAR) ?
A) $314,366
B) $471,549
C) $392,957
D) $432,000
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q85: The real interest rate is the rate
Q86: For a free-risk investment, the opportunity cost
Q87: The yield curve is typically _.<br>A) downward
Q88: Use the table for the question(s) below.<br>Suppose
Q89: Two years ago you purchased a new
Q91: A home buyer buys a house for
Q92: Use the table for the question(s) below.<br>Suppose
Q93: Inflation is calculated as the rate of
Q94: Given that the inflation rate in 2006
Q95: Corey buys 10 Tufflift 4-post, 4.5-ton car