If $1,000 is invested at 3 percent per year for 10 years the investment grows to $1,343.92. This means the present value $1,343.92 at an interest rate of 3 percent 10 years from now is

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The question is asking for the present value of $1,343.92 at an interest rate of 3 percent 10 years from now. Since $1,000 was originally invested and grew to $1,343.92 over 10 years at an interest rate of 3 percent, that means the present value of $1,343.92 10 years from now is still only $1,000. Therefore, the correct answer is D) $1,000.

If $1,000 Is Invested at 3 Percent Per Year for 10