Question
Fifteen years from now, you will be inheriting $25,000. What is this inheritance worth to you today if you can earn 6.0 percent interest, compounded
Fifteen years from now, you will be inheriting $25,000. What is this inheritance worth to you today if you can earn 6.0 percent interest, compounded annually?
| A. | $8,543.06 |
| B. | $10,431.63 |
| C. | $12,914.15 |
| D. | $22,567.45 |
| E. | $34,000.15 |
Present value = $_________/(1 + 0._______)xx = $_____________
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Essential Personal Finance A Practical Guide For Students
Authors: Lien Luu, Jonquil Lowe, Jason Butler, Tony Byrne
1st Edition
1138692956, 978-1138692954
