What is the present value of $2,000 with 16% interest,to be received in 18 years?
A) $161.61
B) $150.30
C) $155.83
D) $148.48
E) $138.20
Correct Answer:
Verified
Q179: Prepare journal entries, if needed, for the
Q180: A company has a debt-to-equity ratio of
Q181: The amount accumulated in the future,including principal
Q182: Simple interest is calculated by multiplying an
Q183: Given below are the balance sheet
Q185: An ordinary annuity is a series of
Q186: A series of equal cash flows to
Q187: The amount earned by an investor expressed
Q188: Discount rates are the interest rates used
Q189: Compound interest is calculated by multiplying an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents