MC Qu. 20 Monica wants to sell her share... Present and future value tables of $1 at 3% are presented below. 1 1.03000 0.97087 2 1.06090 0.94260 3 1.092730.91514 4 1.12551 0.88849 5 1.159270.86261 6 1.194050.83748 7 1.229870.81309 8 1.266770.78941 9 1.304770.76642 10.1591 7.78611 10.4639 8.01969 10 1.34392 0.7440911.4639 8.53020 11.8078 8.78611 11 1.38423 0.72242 12.8078 9.25262 13.1920 9.53020 12 1.42576 0.7013814.1920 9.95400 14.6178 10.25262 13 1.46853 0.68095 15.6178 10.63496 16.0863 10.95400 14 1.51259 0.6611217.0863 |11.29607 17.5989 11.63496 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607 16 1.604710.62317 20.156912.5611020.7616 12.93794 1.0000 0.97087 2.0300 1.91347 3.0909 2.82861 4.1836 3.71710 5.3091 4.57971 6.4684 5.41719 7.6625 6.23028 8.8923 7.01969 1.0300 1.00000 2.0909 1.97087 3.1836 2.91347 4.3091 3.82861 5.4684 4.71710 6.6625 5.57971 7.8923 6.41719 9.1591 7.23028 Monica wants to sell her share of an investment to Barney for $160,000 in 8 years. If money is worth 6% compounded semiannually what would Monica accept today? Multiple Cholce $98,950