Multiple Choice
Given that r is the rate of interest,the present value of a dollar to be received a year from today equals
A) $1 × r.
B) $1 ÷ (1 - r) .
C) $1 × (1 + r) .
D) $1 ÷ r.
E) $1 ÷ (1 + r) .
Correct Answer:
Verified
Correct Answer:
Verified
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