Multiple Choice
Which of the following best expresses the present value of $500 that you have to wait four years and three months to receive?
A) ($500/4.25) × (1 + i)
B) $500 × 4.25 × (1 + i)
C) $500/(1 + i) ⁴.²⁵
D) ($500/4) × (1 + i) ³
Correct Answer:
Verified
Correct Answer:
Verified
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