What Is the Present Value (PV)of $85,000 Received 15 Years

question 71

Multiple Choice

What is the present value (PV) of $85,000 received 15 years from now,assuming the interest rate is 3% per year?

• A)$54,558
• B)$85,000
• C)$82,524
• D)$132,427
• E)$5,502

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