If the Current Rate of Interest Is 8%,then the Present

question 59

Multiple Choice

If the current rate of interest is 8%,then the present value (PV) of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$18,519
• B)$45,761
• C)$9818
• D)$20,000
• E)$10,016

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Definitions:

Assessment Interview

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Breakfast

The first meal of the day, usually consumed in the morning, widely regarded as the most important for providing energy for the start of the day.

Current President

The incumbent head of state and head of government of a country at the present time.

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