Present and future value tables of $1 at 9% are presented below.

-How much must be invested now at 9% interest to accumulate to $10,000 in five years?
A) $9,176.
B) $6,499.
C) $5,500.
D) $5,960.

Name: Present and future value tables of $1 at 9% are presented below. -How much must be invested now at 9% interest to accumulate to $10,000 in five years? A) $9,176. B) $6,499. C) $5,500. D) $5,960.
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Question

Present and future value tables of $1 at 9% are presented below.

-How much must be invested now at 9% interest to accumulate to $10,000 in five years?
A) $9,176. 
B) $6,499. 
C) $5,500. 
D) $5,960.

Quizplus · Accepted Answer

PV = $10,000 × 0.64993* = $6,499
*PV of $1: n = 5; i = 9%

Present and Future Value Tables of $1 at 9% Are