Question
3. Compute the present value of a $1,000 deposit at end of year two (2) and another $2,000 deposit at the end of year five
3. Compute the present value of a $1,000 deposit at end of year two (2) and another $2,000 deposit at the end of year five (5) if interest rates are seven (7) percent per year.
Group of answer choices
A. $2,632.60
B. $1,525.79
C. $934.58
D. $2,299.41
E. $2,460.37
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
