Solved

The Present Value of $1,000,000 Received in 14 Years, Given

Question 101

Multiple Choice

The present value of $1,000,000 received in 14 years, given an interest rate of 2%, is: Present Value of $1
The present value of $1,000,000 received in 14 years, given an interest rate of 2%, is: Present Value of $1 Present Value of Annuity of $1 A) $758,000. B) $743,000. C) $1,319,000. D) $12,106,000. Present Value of Annuity of $1
The present value of $1,000,000 received in 14 years, given an interest rate of 2%, is: Present Value of $1 Present Value of Annuity of $1 A) $758,000. B) $743,000. C) $1,319,000. D) $12,106,000.


A) $758,000.
B) $743,000.
C) $1,319,000.
D) $12,106,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q96: The principal amount, the interest rate, and

Q97: The three factors that affect the time

Q98: Calculating interest on the principal and on

Q99: Which of the following areas does not

Q100: The three factors that affect the time

Q102: You win the lottery and must decide

Q103: Assuming an interest rate of 14%, the

Q104: If you invest $6000 at the end

Q105: On a whim you purchased a scratch-off

Q106: Assuming an interest rate of 10%, the

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents