Eight years from now,you will be inheriting $100,000.What is this inheritance worth to you today if you can earn 7.25 percent interest,compounded annually?
A)$57,124.39
B)$63,215.46
C)$58,419.05
D)$61,798.47
E)$53,003.15

Question

Quizplus · Accepted Answer

The correct answer is A because $100,000 invested at 7.25% interest, compounded annually, will be worth $57,124.39 in eight years.

Eight Years from Now,you Will Be Inheriting $100,000