Answered: At an interest rate of 15% per year, an…

At an interest rate of 15% per year, an investment of $100,000 one year ago is equivalent to how much now? O a. $15000 O b. $11500 O c. $115000 O d. $150000

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 15PROB

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Question

At an interest rate of 15% per year, an investment of $100,000 one year ago is equivalent to how
much now?
O a. $15000
O b. $11500
O c. $115000
O d. $150000

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