Assuming an Interest Rate of 10%, the Present Value of $20,000

question 115

Multiple Choice

Assuming an interest rate of 10%, the present value of $20,000 to be received 10 years from now would be closest to: Present Value of $1
Present Value of Annuity of $1

• A)$11,280.
• B)$7720.
• C)$51,880.
• D)$47,160.

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