How much must be invested now to receive $49000 for 12 years if the first $49000 is received today and the rate is 8%? Periods Present Value of Ordinary Annuity at 8% 11 7.13896 12 7.53608 13 7.90378 $338282 $369268 $588000 $398809
| Calculation of present value of investment | ||||||||
| present value of investment = amount received*present value of ordinary annuity 12 year | ||||||||
| present value of investment = 49000*7.53608 | ||||||||
| present value of investment = 369268 | ||||||||
| Option "369268" Is CORRECT |
How much must be invested now to receive $49000 for 12 years if the first $49000...