Multiple Choice
If the present value of $1.00 received n years from today at an interest rate of r is 0.621, then what is the future value of $1.00 invested today at an interest rate of r% for n years?
A) $1.00
B) $1.61
C) $1.621
D) Not enough information to solve the problem
Correct Answer:
Verified
Correct Answer:
Verified
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