Multiple Choice
How much must I invest today in order to have $25,000 in 5 years assuming 12% interest compounded annually?
A) $14,185.75.
B) $15,888.00.
C) $18,681.50.
D) $17.624.00.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Compound interest:<br>A)Is interest only on the principal
Q10: The rate of interest is usually expressed
Q13: The present value of a single amount
Q17: As the discount rate required by an
Q34: Annuities may provide equal amounts to an
Q39: Judy Bright has just won the lottery.She
Q40: (a)How long will it take Barbara to
Q41: Compounding interest assumes the interest on an
Q44: The lower the discount rate of an
Q45: The present value of a single amount