Multiple Choice
An investment pays you $30,000 at the end of this year, and $15,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 5% per year?
A) $39,614
B) $63,382
C) $79,228
D) $95,074
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q36: A perpetuity will pay $1000 per year,
Q37: A rich donor gives a hospital $1,040,000
Q38: Investment X and Investment Y are both
Q39: How do the growth perpetuity results differ
Q40: Which of the following statements regarding growing
Q42: Faisal has $12,000 in his savings account
Q43: You are borrowing money to buy a
Q44: If the current rate of interest is
Q45: You are interested in purchasing a new
Q46: You are saving money to buy a