(Ignore income taxes in this problem.)At an interest rate of 14%,approximately how much would you need to invest today if you wanted to have $2,000,000 in 10 years?
A) $383,436
B) $540,000
C) $740,741
D) $1,043,200

Name: (Ignore income taxes in this problem.)At an interest rate of 14%,approximately how much would you need to invest today if you wanted to have $2,000,000 in 10 years? A) $383,436 B) $540,000 C) $740,741 D) $1,043,200
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Question

Quizplus · Accepted Answer

PV = $2,000,000 × 0.270 = $540,000

(Ignore Income Taxes in This Problem