1. What is the present value of $1,000 to be received 10 years from today? Assume that the investment pays 8.5% and it is compounded monthly (round to the nearest $1). a. $893 b. $3,106 c. $429 d. $833 2. The future value of $500 deposited into an account paying 8% annually for three years is: a. $500. b. $630. c. $700. d. $620. 3. Pacific […]
