Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the present value of $2,000 received in 14 years if you can earn a 6% rate of return on your investments? $4521.81 $18,589.97

What is the present value of $2,000 received in 14 years if you can earn a 6% rate of return on your investments?

$4521.81

$18,589.97

$884.60

$42,030.13

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

Handbook Of Quantitative Finance And Risk Management

Authors: Cheng-Few Lee, John Lee

2010th Edition

0387771166, 978-0387771168

More Books

Students also viewed these Finance questions