Multiple Choice
Which of the following is greater (answers rounded to the nearest cent) ?
A) An ordinary annuity of $100.00 per year for three years discounted at 10% per year
B) A present value of $248.69
C) A future value of $331.00 three years from today,given an interest rate of 10% per year
D) You would be indifferent to the three choices since they all have the same present value when using an interest rate of 10% per year.
Correct Answer:
Verified
Correct Answer:
Verified
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