Present and future value tables of $1 at 3% are presented below:

-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.

Question

Present and future value tables of $1 at 3% are presented below:

-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.

Quizplus · Accepted Answer

The Answer is B

Present and Future Value Tables of $1 at 3% Are