Chat with AI
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 21
It is a fact that (1 + 0.12) 3 = 1.40. Knowing that to be true, what is the present value of $140 received in three years if the annual interest rate is 12 percent?
A) $1.40.
B) $12.
C) $100.
D) $112.
A) $1.40.
B) $12.
C) $100.
D) $112.
Explanation
Verified
Verified
The other options aren't corre...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
