Multiple Choice
If the future value of $1 invested today at an interest rate of r percent for n years is 9.6463, what is the present value of $1 to be received in n years at r percent interest rate?
A) $9.6463
B) $1.0000
C) $0.1037
D) $0.4132
Correct Answer:
Verified
Correct Answer:
Verified
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