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CSTE · Question #124
What is the present value of money of a $10,000 expenditure that you will spend one year from now if money is worth 14 percent?
The correct answer is B. $8770. See the full explanation below for the reasoning.
Question
What is the present value of money of a $10,000 expenditure that you will spend one year from now if money is worth 14 percent?
Options
- A$1600
- B$8770
- C$8600
- D$2630
How the community answered
(29 responses)- A3% (1)
- B72% (21)
- C7% (2)
- D17% (5)
Community Discussion
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