What Is the Present Value of $100,500 to Be Received

question 32

Multiple Choice

What is the present value of $100,500 to be received 23 years from now if the interest rate is 7.5 percent?

• A)$19,044.58
• B)$163,565.44
• C)$16,447.34
• D)$26,200.30
• E)None of the above.