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Question 45

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Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:
Use the following to answer questions Present and future value tables of $1 at 3% are presented below: -On January 1,2016,you are considering making an investment that will pay three annual payments of $10,000.The first payment is not expected until December 31,2018.You are eager to earn 3%.What is the present value of the investment on January 1,2016? A) $26,662. B) $27,462. C) $28,286. D) $29,135.
-On January 1,2016,you are considering making an investment that will pay three annual payments of $10,000.The first payment is not expected until December 31,2018.You are eager to earn 3%.What is the present value of the investment on January 1,2016?


A) $26,662.
B) $27,462.
C) $28,286.
D) $29,135.

Correct Answer:

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