Multiple Choice
The present value of $10,000 discounted at 5% per year and received at the end of 5 years is
A) $10,000/1.25.
B) $10,000(1.05) 5.
C) $10,000/(1.05) 5.
D) $10,000 (1.05) 1/5.
Correct Answer:
Verified
Correct Answer:
Verified
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