Multiple Choice
The solution to this problem requires time value of money calculations.Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations.
If you must calculate the present value of an amount at 8% compounded quarterly for 2 years, then the interest factor used in the calculation is
A) 8% for two periods
B) 2% for eight periods
C) the interest factor for 8% for two periods divided by 4
D) twice that for one period at 8% multiplied by 2
Correct Answer:
Verified
Correct Answer:
Verified
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