How much must you invest today at 8% interest in order to see your investment grow to $15,000 in 10 years?
A) $6,330
B) $6,945
C) $7,620
D) $7,500
Answer: B
Explanation: B) PVIF = .463 × $15,000 = $6,945
Business
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Indicate whether the statement is true or false a. True b. False
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Jesse, Kim, and Diane own a home together as joint tenants. If Jesse dies, her property interest:
A. will be inherited by her children according to the provisions of her will B. must be bequeathed to Kim and Diane in her will C. will be automatically devised to her heirs D. will be automatically transferred (conveyed) to Kim and Diane
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