Author Question: You want to have $14,521 at the end of four years. How much do you have to invest today to ... (Read 54 times)

xclash · **on:** Apr 25, 2021

Question 1

You have just won $50,000 on your Scratch and Win ticket, but you won't be awarded the money until your 40th birthday, 20 years from now. If the appropriate discount rate is 15%, what is the present value of your winnings?
◦ $3,055.01
◦ $3,513,27
◦ $2,656.53
◦ $3,048.78
◦ $3,067.49

Question 2

You want to have $14,521 at the end of four years. How much do you have to invest today to accumulate that total if you can earn 6% compounded annually?
◦ $11,501.99
◦ $12,192.11
◦ $11,524.60
◦ $11,287.51
◦ $11,853.46

ApricotDream · **Reply #1 on:** Apr 25, 2021

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