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What is the Present Value of $100,000, received 5 years from now, assuming the interest rate 8% per year? a $81709 b $78980 c $68058 d $67890

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Answer:

Gotta be D

Step-by-step explanation:

[tex]PV \approx \frac{100,000}{(1.08)^5} \approx \frac{100,000}{1.477455} \approx $67,618.11[/tex]

So, the closest option is d $67,890. Therefore, the answer is d $67,890.

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