If you knew that an investment was going to pay you $1,188,757 in 20 years,and you knew that the annual interest rate over that time would be 2 percent,you could calculate the present value to be:
A)$800,000.
B)$1,000,000.
C)$1,500,000.
D)$905,000.

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The Answer of If you knew that an investment was going to pay you $1,188,757 in 20 years,and you knew that the annual interest rate over that time would be 2 percent,you could calculate the present value to be:
A)$800,000.
B)$1,000,000.
C)$1,500,000.
D)$905,000.

If You Knew That an Investment Was Going to Pay