8 mcqs on time value of money …
(1) Kristi is considering an investment that will pay $5,000 a year for 7 years, starting one year from today. How much should she pay for this investment if she wishes to earn a 12 percent rate of return? $17,899.08$24,507.19$22,818.78$18,023.88$20,186.75 (2) Sue needs to invest $3,626 today in order for her savings account to be worth $5,000 six years from now. Which one of […]
