An investment has a future value of $150,000 when it is held for five years at an
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An investment has a future value of $150,000 when it is held for five years at an annual investment earnings rate of 10%. What is the present value of this investment, when rounded up to the nearest one hundred dollars?
a. $84,700
b. $150,000
c. $93,200
d. $124,000
Future ValueFuture value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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I have a degree in finance from a well-renowned university and I have been working in the financial industry for over 10 years now. I have a lot of experience in financial management, and I have been teaching financial management courses at the university level for the past 5 years. I am extremely passionate about helping students learn and understand financial management, and I firmly believe that I have the necessary skills and knowledge to effectively tutor students in this subject.
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