A Painting Is Currently Worth $150,000, and Is Expected to Maintain

question 27

Multiple Choice

A painting is currently worth $150,000, and is expected to maintain its real value for four years. The real interest rate is expected to remain constant at 8%. What is the present value of the painting's expected price at the end of the fourth year?

• A) $100,254.
• B) $90,254.
• C) $80,254.
• D) $110,254.
• E) $70,254.

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