The present worth of $ 220.50 due in 2 years reckoning compound intere

1.
The present worth of $ 220.50 due in 2 years reckoning compound interest at 5 % is :

A. $ 200

B. $ 197.5

C. $ 202

D. $ 192.25

Answer» B. $ 197.5

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The present worth of $ 220.50 due in 2 years reckoning compound interest at 5 % is :

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1.	The present worth of $ 220.50 due in 2 years reckoning compound interest at 5 % is :
A.	$ 200
B.	$ 197.5
C.	$ 202
D.	$ 192.25
Answer» B. $ 197.5