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.