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Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 8% your 21st birthday
Your great aunt Matilda put some money in an account for you on the day you were born. This account pays 8% your 21st birthday the account balance was $5,033.83. The amount of money that your great aunt Matilda originally put in the account is closest to: Interest Rate 8% Cash flow 5,033.83 Time 21 PV 1,000.00 2 $600 $1,200 $1,800 At an annual interest rate of 7%, the present value of this timeline in year 0 is closest to: Interest Rate 7% 7% 7% Cash flow 600.00 1.200 00 1.800.00
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