Calculate PV given amount of investment after two years is $1150 and 8% annual interest. Group of answer choices a. 1242.00 b. 100.00 c. 985.94 d. 1341.36

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
Problem 7PROB
icon
Related questions
Question

Calculate PV given amount of investment after two years is $1150 and 8% annual interest.

Group of answer choices
a. 1242.00
b. 100.00
c. 985.94
d. 1341.36
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Techniques of Time Value Of Money
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CFIN
EBK CFIN
Finance
ISBN:
9781337671743
Author:
BESLEY
Publisher:
CENGAGE LEARNING - CONSIGNMENT