For a given period, the a. higher, bigger the interest rate, the the present value, b. not sure C lower, bigger d. lower, smaller 14. Find the present value of $1000 to be received 8 years from today if the interest rate is 11 per cent. a. $416.64 b. $432.89 c. $433.93 d. $440.67
For a given period, the a. higher, bigger the interest rate, the the present value, b. not sure C lower, bigger d. lower, smaller 14. Find the present value of $1000 to be received 8 years from today if the interest rate is 11 per cent. a. $416.64 b. $432.89 c. $433.93 d. $440.67
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
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Transcribed Image Text:For a given period, the
a. higher, bigger
the interest rate, the
the present value,
b. not sure
C lower, bigger
d. lower, smaller

Transcribed Image Text:14. Find the present value of $1000 to be received 8 years from today if the interest rate is 11 per cent.
a. $416.64
b. $432.89
c. $433.93
d. $440.67
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