Present Value Question: You are offered the opportunity to put some money away for retirement. You will
Fantastic news! We've Found the answer you've been seeking!
Question:
Present Value Question:
You are offered the opportunity to put some money away for retirement. You will receive 10 annual payments of $5,000 each beginning in 26 years. If you desire an annual interest rate of 12% compounded monthly, answer the following two questions:
a. How much would you be willing to invest today? b. How much would the money worth at the end of your last payment (i.e., in year 35)?
Posted Date: