If an Investment Has a Goal (Future Value) of $S

question 18

Multiple Choice

If an investment has a goal (future value) of $S after n years, invested at interest rate i (as a decimal) , compounded annually, then the present value P that must be invested is given by Find P for the given S, n, and i. $80,000 after 20 years at 12.5%

• A) $7586.47
• B) $2750.62
• C) $8534.77
• D) $9601.62
• E) $5536.70

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