How Much Would $20,000 Due in 50 Years Be Worth

question 163

Multiple Choice

How much would $20,000 due in 50 years be worth today if the discount rate were 7.5%?

• A) $438.03
• B) $461.08
• C) $485.35
• D) $510.89
• E) $537.78

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Definitions:

Financial Problems

Issues related to managing money, including difficulties in making ends meet or accumulating debt.

Friends

People with whom one has a bond of mutual affection, typically exclusive of sexual or family relations.

Lineal

Pertaining to or involving a line, often in the context of descent or succession.

Intergenerational Obligation

A duty or responsibility felt toward members of previous or subsequent generations, often within families or communities.