You just won the grand prize in a national writing contest! As your prize, you will receive $2,000 a month for ten years. If you can earn 7 percent on your money, what is this prize worth to you today?
A: $172,252.71
B: $178,411.06
C: $181,338.40
D: $185,333.33
A: $172,252.71
B: $178,411.06
C: $181,338.40
D: $185,333.33
举一反三
- ---If you are admitted to a key university, _________ as a prize?--- I'm looking for a cell phone. A: What you expect your father will offer you B: Do you expect what your father will offer you C: What do you expect will your father offer you D: What do you expect your father will offer you
- You want to have $35,000 in cash to buy a car 4 years from today. You expect to earn 8 percent, compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose?
- You want to have $30,000 saved 5 years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn 3.5 percent rather than 2.5 percent on your savings? Today's deposit is the only deposit you will make to this savings account. A: 1256.43 B: 891.18 C: 1124.6 D: 1219.02
- One year ago, you invested $1,800. Today it is worth $1,924.62. What rate of interest did you earn? A: 6.59 percent B: 6.67 percent C: 6.88 percent D: 6.92 percent E: 7.01 percent
- What can you prepare for your creative writing?