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NEW QUESTION: 1
Consider the following three investments:
Future valueyearsinterest rate
1.$50,000 89% per year
2.$20,000 612% per year
3.$35,000 37% per year
The present values of the 3 investments are:
A. $24,192, $11,876, $27,864
B. $25,093, $10,133, $28,570
C. $28,193, $12,145, $31,422
D. $99,628, $39,476, $42,877
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Future value = Present value*(1+r)