What is the present value of $800 to be received in 5 years' time when the discount rate is 9% p.a.compounded quarterly?
A) $519.95
B) $512.65
C) $509.75
D) $515.69
Correct Answer:
Verified
Q33: What is the future value of an
Q34: What is the future value of $800
Q35: You have just won first division in
Q36: The future value of an ordinary annuity
Q37: Why is it not possible to determine
Q39: What is the future value of $100
Q40: You are considering the purchase of new
Q41: A bank that offers depositors a 10%
Q42: The future value compounding formula is FV
Q43: Holding all other factors constant,increasing the frequency
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents