Five Years After an Accident, You Received $100,000 to Pay

question 103

Multiple Choice

Five years after an accident, you received $100,000 to pay the medical expenses incurred at the time of the accident. What is the present value (at the time of the accident) of the payment? Assume interest rates are 9%.

• A) $153,900
• B) $68,100
• C) $65,000
• D) $70,800

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