Assuming R Is the Rate of Interest, to Compute the Present

Multiple Choice

Assuming r is the rate of interest, to compute the present value of a dollar to be received a year from today, you

A) multiply the dollar by r.
B) divide the dollar by (1 - r) .
C) multiply the dollar by (1 + r) .
D) divide the dollar by r.
E) divide the dollar by (1 + r) .