FIN 571 WEEK 4 Multiple Choice Question 66

FIN 571 WEEK 4 Multiple Choice Question 66
Your answer is correct 	 
Present value: Tommie Harris is considering an investment that pays 6.5 percent annually. How much must he invest today such that he will have $25,000 in seven years? (Round to the nearest dollar.)

 
$38,850
 
$26,625
 
$16,088
 
$23,474

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