Multiple Choice
Which of the following has the lowest present value?
A) $1000 received in 3 years if the current interest rate is 4%
B) $1500 received in 5 years if the current interest rate is 6%
C) $2000 received in 6 years if the current interest rate is 11%
D) $3000 received in 10 years if the current interest rate is 13%
Correct Answer:
Verified
Correct Answer:
Verified
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