What is the present value (PV) of $50,000 received twenty years from now, assuming the interest rate is 6% per year? A) $32,500.00 B) $13,251.70 C) $15,590.24 D) $27,282.92
What is the present value (PV) of $50,000 received twenty years from now, assuming the interest rate is 6% per year? A) $32,500.00 B) $13,251.70 C) $15,590.24 D) $27,282.92
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 5PROB
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5) What is the present value (PV) of $50,000 received twenty years from now, assuming the
interest rate is 6% per year?
A) $32,500.00
B) $13,251.70
C) $15,590.24
D) $27,282.92
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