If security pays $5,000 in 20 years with 7% annual interest rate, the – McqOptions

MCQOPTIONS

1.	If security pays $5,000 in 20 years with 7% annual interest rate, the PV of security by using formula is
A.	1292.10 dollars per year
B.	1292.10 dollars
C.	0.00077 dollars per year
D.	16105.1 dollars per year
Answer» C. 0.00077 dollars per year

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