The present value of $40,000 to be received in two years, at 12% compounded annually, is _____ (rounded to nearest dollar). Use the following table, if needed.
A)$31,888
B)$48,112
C)$8,112
D)$40,000

Question

The present value of $40,000 to be received in two years, at 12% compounded annually, is _____ (rounded to nearest dollar). Use the following table, if needed.​ 
A)$31,888 
B)$48,112 
C)$8,112 
D)$40,000

Quizplus · Accepted Answer

The Answer of The present value of $40,000 to be received in two years, at 12% compounded annually, is _____ (rounded to nearest dollar). Use the following table, if needed.​ 
A)$31,888 
B)$48,112 
C)$8,112 
D)$40,000

The Present Value of $40,000 to Be Received in Two