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DyllonKazuo

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Using the Time Value of Money charts provided, answer the following question(s).


(Note to Instructors: Provide the appropriate tables to students from Personal Finance, Sixth Edition, Appendix C: Financial Tables.)





If Jim wants $25,000 in five years and can earn an 8% interest rate, how much does he need to invest today? (Note—Solve as a present value problem.)


◦ $16,108
◦ $17,025
◦ $15,158
◦ $17,829


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Marked as best answer by DyllonKazuo on Apr 12, 2019

lou

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lou

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