Question: Multiple Choice Question 69 Your answer is incorrect.Try again. Given below are the present value factors for $1.00 discounted at 7% for one to five

Multiple Choice Question 69

Your answer is incorrect.Try again.

Given below are the present value factors for $1.00 discounted at 7% for one to five periods. Interest is compounded annually at 7%.

Periods

Present Value of $1

Discounted at 7% per Period

1

0.935

2

0.873

3

0.816

4

0.763

5

0.713

If an individual deposits $18200 in a savings account today, what amount of cash would be available two years from today?

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