What is the present value of $2,450 to be received in five (5) years if the opportunity cost rate is 9 percent, compounded quarterly? $1,347.50 O $1,570.00 O $2,192.05 $3,823.25 O $1,592.33
What is the present value of $2,450 to be received in five (5) years if the opportunity cost rate is 9 percent, compounded quarterly? $1,347.50 O $1,570.00 O $2,192.05 $3,823.25 O $1,592.33
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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![What is the present value of $2,450 to be received in five (5) years if the
opportunity cost rate is 9 percent, compounded quarterly?
$1,347.50
O $1,570.00
O $2,192.05
$3,823.25
O $1,592.33](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F35d1df2e-287e-400e-8b08-fa174f3a1c13%2F724061ee-8eca-46da-a6f8-b21e5adb9a10%2Fuh3l210e_processed.png&w=3840&q=75)
Transcribed Image Text:What is the present value of $2,450 to be received in five (5) years if the
opportunity cost rate is 9 percent, compounded quarterly?
$1,347.50
O $1,570.00
O $2,192.05
$3,823.25
O $1,592.33
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