-Clarkson Corporation earns 12% on an investment that will return $900,000, 7 years from now. Below is some of the time value of money information that Clarkson has compiled that might help in planning compounded interest decisions. To the closest dollar, what is the amount Clarkson should invest now to earn this rate of return?
A) $198,961
B) $407,115
C) $756,000
D) $410,738

Question

-Clarkson Corporation earns 12% on an investment that will return $900,000, 7 years from now. Below is some of the time value of money information that Clarkson has compiled that might help in planning compounded interest decisions.  To the closest dollar, what is the amount Clarkson should invest now to earn this rate of return?
A) $198,961 
B) $407,115 
C) $756,000 
D) $410,738

Quizplus · Accepted Answer

The Answer of 
-Clarkson Corporation earns 12% on an investment that will return $900,000, 7 years from now. Below is some of the time value of money information that Clarkson has compiled that might help in planning compounded interest decisions.  To the closest dollar, what is the amount Clarkson should invest now to earn this rate of return?
A) $198,961 
B) $407,115 
C) $756,000 
D) $410,738

-Clarkson Corporation Earns 12% on an Investment That Will Return