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Advanced Financial Algebra
Present and Future Value — Quiz
Question 9
9
Quiz
Multiple Choice
Present and Future Value — Quiz
Question 9 • Advanced Financial Algebra
An investment will pay out $50,000 in 10 years. The account has an annual interest rate of 2.5%, compounded monthly. What is the present value of this investment? Use the formula PV=(FV)/((1+(r)/(n))^n⋅t)
Answer
A
39 dollars comma 059 point 9 2
B
38 dollars comma 980 point 4 0
C
38 dollars comma 950 point 1 7
D
48 dollars comma 766 point 7 6
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