1-
How much must you invest at 11% interest in order to see your
investment grow to $31,000 in 13 years? Use Appendix B to calculate
the answer.
$7,399
none of these
$7,364
$7,998
2-
Sharon Smith will receive $1.03 million in 25 years. The
discount rate is 10%. As an alternative, she can receive $94,760
today. Which should she choose? Use Appendix B to calculate the
answer.
$94,760 today.
the $1.03 million dollars in 25 years.
she should be...