You have been told that you need $32,000 today for each $120,000 you want when you retire 28 years from now What rate of interest was used in the present value computation Assume interest is compounded annually Select one a 4 23 percent b 5 33 percent c 5 03 percent d 4 53 percent e 4 83 percent

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You have been told that you need $32,000 today for each $120,000 you want when you retire 28 years from now  What rate of interest was used in the present value computation  Assume interest is compounded annually  Select one  a  4 23 percent b  5 33 percent c  5 03 percent d  4 53 percent e  4 83 percent

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Question

You have been told that you need $32,000 today for each $120,000 you want when you retire 28 years from now. What rate of interest

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