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If the current rate of interest is 8%, the the future value (FV) of an investment that pays $1000 per year and lasts 20 years
If the current rate of interest is 8%, the the future value (FV) of an investment that pays $1000 per year and lasts 20 years is closest to:
A) $18,519
B) $9,818
C) $20,000
D) 45,762
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
4th Edition
0072996862, 9780072996869
