Multiple Choice
What's the present value of $11,500 discounted back 5 years if the appropriate interest rate is 4.5%,compounded semiannually?
A) $9,205.87
B) $9,113.81
C) $10,126.45
D) $10,678.81
E) $9,574.10
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q40: All other things held constant,the present value
Q48: If a bank compounds savings accounts quarterly,
Q91: Your father paid $10,000 (CF at t
Q92: Suppose you inherited $715,000 and invested it
Q97: Jose now has $500.How much would he
Q98: You agree to make 24 deposits of
Q99: Which of the following statements is CORRECT?<br>A)
Q99: Suppose you inherited $325,000 and invested it
Q100: Suppose Community Bank offers to lend you
Q101: Your uncle has $340,000 invested at 7.5%,and