Margaret will receive an insurance settlement of $3,000,000 in five years. Randall is willing to give her a lump sum today in return for the payment in five years. If current interest rates are 12% per year, how much will Margaret receive today?
A) $960,637
B) $1,702,281
C) $1,116,790
D) $1,800,000
B
Business
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Indicate whether the statement is true or false.
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Which of the following is considered a decision variable in the production mix problem of maximizing profit?
A) the amount of raw material to purchase for production B) the number of product types to offer C) the selling price of each product D) the amount of each product to produce E) None of the above
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