Multiple Choice
Which of the following is the correct formula for calculating the present value of an amount invested (A) at an interest rate of r, for n periods?
A) A x (1/(1 + r) ) x n
B) A x (1/(1 + r) n)
C) A x (1/(r x n) )
D) A x (1/(1 + n) r
Correct Answer:
Verified
Correct Answer:
Verified
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