You are scheduled to receive $18,000 in five years. When you receive it, you will invest it for five more years at 8.6% per year. How much will you have at the end of this time? What would be an equivalent Present Value?
A) $15,916
B) $14,916
C) $13,916
D) $12,916
E) $11,916

Question

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The Answer of You are scheduled to receive $18,000 in five years. When you receive it, you will invest it for five more years at 8.6% per year. How much will you have at the end of this time? What would be an equivalent Present Value?
A) $15,916
B) $14,916
C) $13,916
D) $12,916
E) $11,916

You Are Scheduled to Receive $18,000 in Five Years