Multiple Choice
Monica wants to sell her share of an investment to Barney for $50,000 in three years. If money is worth 6% compounded semiannually, what would Monica accept today?
A) $ 8,375.
B) $41,874.
C) $11,941.
D) $41,000.PV = $50,000 x .83748* = $41,874 *PV of $1: n=6; i=3%
Correct Answer:
Verified
Correct Answer:
Verified
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