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What is the present value of a security that will pay $2,000 in 30 years if securities of equal risk pay 11 percent annually? Selected

What is the present value of a security that will pay $2,000 in 30 years if securities of equal risk pay 11 percent annually?
Selected Answer: image text in transcribedb.

$45,784.59
Answers: a.

$1,158.44
b.

$45,784.59
c.

$1,801.80
d.

$4,600.00
image text in transcribede.

$87.37

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