Assume That You Have the Opportunity to Receive $5,000 at the End

question 37

Multiple Choice

Assume that you have the opportunity to receive $5,000 at the end of each of the next five years.Given an interest rate of 6%,how much would you be willing to pay for this investment today?

• A)$22,326
• B)$21,062
• C)$19,587
• D)$3,736