How much would you have to deposit today in a bank account paying 8% annual interest to allow you to withdraw $200 one year from now and still have $200 remaining in the bank?
A) $185.19.
B) $216.00.
C) $370.37.
D) $385.19.
E) none of the above.
Correct Answer:
Verified
Q17: The term "present value" refers to the
A)value
Q18: If the annual interest rate is 6%,the
Q19: If the annual interest rate is 10%,the
Q20: The formula to calculate the present value
Q21: If the annual interest rate is 10%,the
Q23: If the annual interest rate is currently
Q24: Economists use the concept of present value
Q25: Present value is computed by
A)evaluating a stream
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Q27: The present value of a given future
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