Question
What is the PV of an annuity with 120 payments of $1,000 if the appropriate interest rate is 4%? $9.04 $24,774.09 $115,384.62 $2,741,564.01 5 points
What is the PV of an annuity with 120 payments of $1,000 if the appropriate interest rate is 4%?
| $9.04 | ||
| $24,774.09 | ||
| $115,384.62 | ||
| $2,741,564.01 |
5 points
QUESTION 25
You plan on saving $5,000 a year at the end of each year and expect to earn an annual rate of 10 percent. How much will you have in your account at the end of 10 years?
| $12,968.72 | ||
| $30,722.84 | ||
| $55,000.00 | ||
| $79,687.12 |
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
12th Edition
0136096689, 978-0136096689
