Multiple Choice
The rate used to find the present value of a future payment is called the:
A) Simple rate.
B) Discount rate.
C) Compound rate.
D) Future value rate.
E) Loan rate.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q83: At a 6% rate of interest you
Q84: What is the future value of $3,497
Q85: What is the present value of $36,800
Q86: You will be receiving $2,500 from your
Q87: Jessica invests $3,000 in an account that
Q89: The James Co. plans on saving money
Q90: Today Richard is investing $1,000 at 5%
Q91: At a 3% rate of interest, you
Q92: When you were 26 years old, you
Q93: The future value of a single sum