What is the present value of $25,000 to be received 8 years from today if the interest rate is 16 percent?
a. $7,297.26.
b. $7,625.64.
c. $13,506.72. d. $2,326,01. What is the interest rate in a 7-year ordinary annuity of $4,200 which has a present value of $20,000? a. 11.43%. b. 13.88%. c. 13.07%. d. 10.68%.