3 Questions
What is the present value of the investment?
$18,300.00
What is the total amount of payments made over the year?
$18,420.72
How does the compounding frequency affect the present value?
Higher compounding frequency increases present value
Test your financial calculation skills with this quiz on determining the present value of an investment. Practice applying the formula for present value and consider the impact of monthly compounding on the investment's rate of return.
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