Given an annual interest rate of 12 percent, what is the present value of receiving $1,000 in 20 years?
A)$890.45
B)$112.16
C)$850.23
D)$103.67

Name: Given an annual interest rate of 12 percent, what is the present value of receiving $1,000 in 20 years? A)$890.45 B)$112.16 C)$850.23 D)$103.67
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The Answer of Given an annual interest rate of 12 percent, what is the present value of receiving $1,000 in 20 years?
A)$890.45
B)$112.16
C)$850.23
D)$103.67

Given an Annual Interest Rate of 12 Percent, What Is