Business, 19.02.2020 17:49 putaprincess16

You are promised that when you retire from your current job, in 40 years' time, you will receive a gold watch valued at $1 000. If you can invest money at 5% annual interest, what is the present worth of this promise?

Select one:

a. $142

b. $167

c. $211

d. $156

e. $231

Answers: 1

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You are promised that when you retire from your current job, in 40 years' time, you will receive a g...