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Questions and Answers
What is the present value of the investment?
What is the present value of the investment?
- $17,500.00
- $18,000.00
- $17,800.00
- $18,300.00 (correct)
What is the total amount of payments made over the year?
What is the total amount of payments made over the year?
- $18,420.00
- $18,420.60
- $18,421.00
- $18,420.72 (correct)
How does the compounding frequency affect the present value?
How does the compounding frequency affect the present value?
- Higher compounding frequency decreases present value
- Compounding frequency affects future value, not present value
- Compounding frequency does not affect present value
- Higher compounding frequency increases present value (correct)
