How Much Must Be Invested Now to Receive $30,000 for 15

question 67

Multiple Choice

How much must be invested now to receive $30,000 for 15 years if the first $30,000 is received today and the rate is 9%?

• A) $241,821
• B) $263,585
• C) $450,000
• D) $219,375

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Definitions:

Near Future

A term referring to the time period that is just ahead, often used in the context of anticipated events or trends.

Participatives

A leadership or organizational style that emphasizes involvement and participation of all members in decision-making processes.

Roots

The part of a plant that attaches it to the ground or to a support, typically underground, conveying water and nourishment to the rest of the plant.

Stability

The quality of being resistant to change and capable of maintaining a constant condition or staying steady.