What amount of cash would result at the end of one year,if $15,000 is invested today and the rate of return is 8%?

Name: What amount of cash would result at the end of one year,if $15,000 is invested today and the rate of return is 8%?
Brand: Quizplus
Rating: 5.0 (52 reviews)

Question

Quizplus · Accepted Answer

Net present value = Expected cash flow x PV factor
$15,000 = Expected cash flow x 0.925926
Expected cash flow = $15,000 ÷ 0.925926 = $16,200 (rounded)
PV factor from Appendix Table 1;n = 1 and i = 8

What Amount of Cash Would Result at the End of One