What is the present value of a security that promises to pay you $$15,000$ in $10$ years? Assume that you earn $5\%$ compounded quarterly if you were to invest in other securities of equal risk.

Question $6$Answer

a$.$

$$11,325\mathrm{.}10$

b$.$

$$1,262\mathrm{.}86$

c$.$

$$1,533\mathrm{.}00$

d$.$

$$9,126$