Multiple Choice
Which of the following represents the correct formula for present value?
A) Present value = Payment T periods from now × (1 + interest rate) ᵀ
B) Present value = Payment T periods from now ‒ (1 + interest rate) ᵀ
C) Present value = Payment T periods from now + (1 + interest rate) ᵀ
D) Present value = Payment T periods from now/(1 + interest rate) ᵀ
Correct Answer:
Verified
Correct Answer:
Verified
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