Mathematics, 13.12.2021 21:10 rsloan13
Two investments have identical future values of $20,000 with 9-year maturities. Option A has a 8% interest rate compounded annually. Option B has a 7% interest simple interest rate.
Which statements are accurate about the present values of these investments? Select all that apply. (More than one answer).
1. Option A has a present value of $10,004.98.
2. Option B has a present value of $10,004.98.
3. Option A earns more interest than Option B.
4. Option B has a present value of $12,269.94.
5. Option B earns more interest than Option A.
6. Option A has a present value of $12,269.94.
Answers: 2
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Two investments have identical future values of $20,000 with 9-year maturities. Option A has a 8% in...
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