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You are 20 years old now and you will save $10,000 annually for the next 30 years and the interest rate is 9%. How much
You are 20 years old now and you will save $10,000 annually for the next 30 years and the interest rate is 9%. How much money you will have when you are 50 years old?
| A. | $1,363,075.39 | |
| B. | $899,937.73 | |
| C. | $1,112,577.83 | |
| D. | $998,181.47 |
What is the PV of $2,000 to be received in 10 years at an interest rate of 8%?
| A. | $980.25 | |
| B. | $926.39 | |
| C. | $783.12 | |
| D. | $1,000 |
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