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Advanced Financial Algebra
Present and Future Value — Quiz
Question 5
5
Quiz
Multiple Choice
Present and Future Value — Quiz
Question 5 • Advanced Financial Algebra
What is the present value of an investment that promises to pay $5,000 in 4 years at an annual interest rate of 3% compounded semiannually? Formula: PV=(FV)/((1+(r)/(n))^n⋅t)
Answer
A
4 dollars comma 804 point 4 3
B
4 dollars comma 438 point 5 6
C
4 dollars comma 442 point 4 4
D
4 dollars comma 853 point 3 1
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