Multiple Choice
If you want to know the present value of a future payment received in one year, what formula can you use?
A) Present value equals future payment times the current market rate of interest.
B) Present value equals future payment divided by one plus the rate of interest.
C) Present value equals one plus the rate of interest in decimals divided by future payment.
D) Present value equals future payments times one plus the rate of interest.
Correct Answer:
Verified
Correct Answer:
Verified
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