10
QuizMultiple 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: P⁢V=(F⁢V)/((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