If $10,000 is invested in a certain business at the start of the year,the investor will receive $3000 at the end of each of the next four years.What is the present value of this business opportunity if the interest rate is 7% per year?
A)$148.53
B)$161.63
C)$172.45
D)$178.88

Question

Quizplus · Accepted Answer

The Answer of If $10,000 is invested in a certain business at the start of the year,the investor will receive $3000 at the end of each of the next four years.What is the present value of this business opportunity if the interest rate is 7% per year?
A)$148.53
B)$161.63
C)$172.45
D)$178.88

If $10,000 Is Invested in a Certain Business at the Start