Multiple Choice
The formula for present discounted value is ________, where R dollars is to be paid t years in the future and the agreed upon interest rate is r.
A) R(1 + r) t
B) (1 + r) t/R
C) R/(1 + r) t
D) (1 + r) /Rt
Correct Answer:
Verified
Correct Answer:
Verified
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