Sam makes an investment of $200 at the end of each of the next 4 years. If the rate of return is 9%, how much is the present value of this investment? (Round your answer to two decimal places.) Multiple choice question. $566.74 872.00 $733.94 $647.94
Sam makes an investment of $200 at the end of each of the next 4 years. If the rate of return is 9%, how much is the present value of this investment? (Round your answer to two decimal places.) Multiple choice question. $566.74 872.00 $733.94 $647.94
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
Sam makes an investment of $200 at the end of each of the next 4 years. If the rate of return is 9%, how much is the present value of this investment? (Round your answer to two decimal places.)
Multiple choice question.
$566.74
872.00
$733.94
$647.94
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