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Advanced Financial Algebra
Present and Future Value — Quiz
Question 10
10
Quiz
Multiple Choice
Present and Future Value — Quiz
Question 10 • Advanced Financial Algebra
An investment will receive $2,000 in 5 years at a 5% annual interest rate compounded annually. Calculate the present value of the investment. Formula: PV=(FV)/((1+(r)/(n))^n⋅t)
Answer
A
1 dollars comma 904 point 7 6
B
1 dollars comma 980 point 2 0
C
1 dollars comma 902 point 9 3
D
1 dollars comma 567 point 0 5
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