The present value of $1,000 to be received in 5 years is ________ if the discount rate is 7.8%.
A) $368
B) $494
C) $548
D) $687
Correct Answer:
Verified
Q13: When solving time value of money problems
Q21: Ann deposited $1,000 in a bank account,and
Q22: What is the present value of $15,500
Q22: Bill wants to buy a new boat
Q23: A zero coupon bond pays no annual
Q23: U.S.Savings Bonds are sold at a discount.The
Q26: How much money must be put into
Q29: You decide you want your child to
Q33: Your parents are complaining about the price
Q50: If the future value of an annuity
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents