What is the present value (PV) of $85,000 received 15 years from now,assuming the interest rate is 3% per year?
A) $54,558
B) $85,000
C) $82,524
D) $132,427
E) $5,502
Correct Answer:
Verified
Q93: If the interest rate is 5%,the one-year
Q94: If money is invested at 8% per
Q95: To calculate a cash flow's present value
Q95: What is the present value (PV)of $1
Q96: What is the future value (FV)of $72,000
Q99: Michelle is saving for a new car.She
Q100: If $1 million is invested at 6%
Q100: Is there a need to distinguish between
Q101: Consider the following timeline: Q102: When computing a present value,which of the
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