You are scheduled to receive $30,000 in three years. When you receive it, you will invest it for seven more years at 5.5% per year. How much will you have at the end of this time? What would be an equivalent Present Value?
A) $29,548
B) $28,548
C) $27,548
D) $26,548
E) $25,548

Question

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The Answer of You are scheduled to receive $30,000 in three years. When you receive it, you will invest it for seven more years at 5.5% per year. How much will you have at the end of this time? What would be an equivalent Present Value?
A) $29,548
B) $28,548
C) $27,548
D) $26,548
E) $25,548

You Are Scheduled to Receive $30,000 in Three Years