Question
Anna will receive $15,000 from a bank deposit in 2 years which has an interest rate of 3.5%. The amount of $15,000 represents the: A)
Anna will receive $15,000 from a bank deposit in 2 years which has an interest rate of 3.5%. The amount of $15,000 represents the: |
A) Future value of an annuity
B) Future value
C) Present value of an annuity
D) Present value
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
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