Posted: January 14th, 2016
In which of the following instances is the present value of the future payment the largest?
In which of the following instances is the present value of the future payment the largest?
- You will receive receive $1,000 in 5 years and the annual interest rate is 5 percent.
- You will receive $1,000 in 10 years and the annual interest rate is 3 percent.
- You will receive $2,000 in 10 years and the annual interest rate is 10 percent.
- You will receive $2,400 in 15 years and the annual interest rate is 8 percent.
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