Consider the following time line: If the current market rate of interest is 8%, then the present value of this timeline is closest to:
A) $1000
B) $857
C) $860
D) $926

Question

Consider the following time line:  If the current market rate of interest is 8%, then the present value of this timeline is closest to:
A) $1000 
B) $857 
C) $860 
D) $926

Quizplus · Accepted Answer

The Answer of Consider the following time line:  If the current market rate of interest is 8%, then the present value of this timeline is closest to:
A) $1000 
B) $857 
C) $860 
D) $926

Consider the Following Time Line: If the Current Market