Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At an interest rate of 8%, what is the present value of $125,000 received 5 years from now? Group of answer choices $499,125 $85,125 $115,741

At an interest rate of 8%, what is the present value of $125,000 received 5 years from now?

Group of answer choices

$499,125

$85,125

$115,741

$183,554

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Information Systems Enhancing Performance Of The Enterprise

Authors: Abraham Nyirongo

1st Edition

1490754997, 9781490754994

More Books

Students also viewed these Accounting questions