What is the present value of the $1,000 investment

Reference no: EM13290797

If an investor can earn 4.3% in a savings account compounded quarterly and has $1,000 to invest with a holding period of 12 years, what is the present value of the $1,000 investment? (Pick the best answer.)

A) $1,000
B) $7,545
C) $599
D) $133

Reference no: EM13290797

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