Question

If you are going to receive $2,000 in six years from now, how much is that worth today, assuming 5% annual simple interest?

Answer 1

If you are going to receive $2,000 in six years from now, how much is that worth today, assuming 5% annual simple interest? $1,904.76 $1,538.46 $2,600.00 $1,780.32 Which of the following options will generate the highest interest over the term, assuming the same $100 principal? 5% monthly compounding for 2 years 5% daily compounding for 2 years 5% simple interest rate for 3 years 5% quarterly compounding for 3 years What's the effective rate for investment with a 6% annual rate, compounded quarterly? 6.45% 1.5% 0000 6.14% 6% Which of the following statements indicates a nominal rate of 5% annually? 5% per quarter Effective 5% per year, compounded semi-annually OOOO 5% per year, compounded monthly 5% per month, compounded daily

Answer 2

Step-by-step explanation:

If you are going to receive $2,000 in six years from now, how much is that worth today, assuming 5% annual simple interest?

$2600/-

after five years