An investor will receive equal payments of $700 for four years, and the first payment will be received one year from now. What is the present value of these payments if the interest rate is 9%? (Round your answer to two decimal places.) Multiple choice question. $2,267.80 $2,081.50 $763.45 $2,379.87
An investor will receive equal payments of $700 for four years, and the first payment will be received one year from now. What is the present value of these payments if the interest rate is 9%? (Round your answer to two decimal places.) Multiple choice question. $2,267.80 $2,081.50 $763.45 $2,379.87
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
An investor will receive equal payments of $700 for four years, and the first payment will be received one year from now. What is the
Multiple choice question.
$2,267.80
$2,081.50
$763.45
$2,379.87
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