Find the Present Value of the Future Value

question 59

Multiple Choice

Find the present value of the future value.
-$2000, invested for 9 years at 5% compounded monthly

• A) $3088.69
• B) $1276.45
• C) $1321.45
• D) $3133.69

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Definitions:

Dividends Paid

Payments made by a corporation to its shareholders, usually derived from the company's profits.

Assets

Economic resources or owned items of value, such as cash, property, equipment, that an individual, company, or country owns or controls with the expectation that it will provide future benefit.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation.

Stockholders' Rights

Refers to the legal entitlements inherent to the ownership of a corporation's stock, including voting on corporate matters, receiving dividends, and sharing in the distribution of assets upon dissolution.