Question: Anna will receive $ 1 5 , 0 0 0 from a bank depcrsit in 2 years which has an interest rate of 3 .
Anna will receive $ from a bank depcrsit in years which has an interest rate of The amount of $ represents the:
present value.
present value of an annuity.
future value.
future value of an annuity.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
