What is the present value (PV) of an investment that pays $80,000 every year for four years if the interest rate is 6% APR, compounded quarterly? A. $331,614
What is the present value (PV) of an investment that pays $80,000 every year for four years if the interest rate is 6% APR, compounded quarterly? A. $331,614
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 7PROB
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Question
What is the present value (PV) of an investment that pays
$80,000
every year for four years if the interest rate is
6%
APR, compounded quarterly?$331,614
$276,345
$359,248
303, 979
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