What is the present value (PV) of $300,000 received five years from now, assuming the interest rate is 9% per year? OA. $194,979 O B. $243,724 OC. $341,214 O D. $180,000
What is the present value (PV) of $300,000 received five years from now, assuming the interest rate is 9% per year? OA. $194,979 O B. $243,724 OC. $341,214 O D. $180,000
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 (PV) of $300,000 received five years from now, assuming the interest rate is 9% per year?
O A. $194,979
B. $243,724
C. $341,214
O D. $180,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F26d10e7b-5c7a-4563-b723-0fb404d46263%2Fe99d496b-41c7-4de5-b236-8871119550cb%2Fiz6bbkq_processed.png&w=3840&q=75)
Transcribed Image Text:What is the present value (PV) of $300,000 received five years from now, assuming the interest rate is 9% per year?
O A. $194,979
B. $243,724
C. $341,214
O D. $180,000
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