menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    The Economics of Money Banking Study Set 1
  4. Exam
    Exam 4: Understanding Interest Rates
  5. Question
    What Is the Present Value of $500
Solved

What Is the Present Value of $500

Question 12

Question 12

Multiple Choice

What is the present value of $500.00 to be paid in two years if the interest rate is 5 percent?


A) $453.51
B) $550.00
C) $476.25

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q7: Assuming the same coupon rate and maturity

Q11: Which of the following $1,000 face-value securities

Q14: Which of the following $1,000 face-value securities

Q23: Duration is<br>A)an asset's term to maturity.<br>B)the time

Q39: A fully amortized loan is another name

Q56: An increase in the time to the

Q67: In which of the following situations would

Q70: For a 3-year simple loan of $10,000

Q87: The yield to maturity for a discount

Q91: If $22,050 is the amount payable in

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines