Mathematics, 09.02.2021 07:40 mayakinseth46171

A pair of investments have identical future values of $15,000 with 15-year maturities. Option A has an 8% interest rate compounded annually. Option B has a 10% simple interest rate. Which statements are true about the present values of the investments?

Select all that apply.

Option A has a PV of $4728.63.

Option A has a PV of $6818.18.

Option A has a lower PV than Option B.

Option B has a lower PV than Option A.

Answers: 3

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