Multiple Choice
What is the present value of a $500 payment in one year when the discount rate is 5 percent?
A) $475.00
B) $476.19
C) $500.00
D) $525.00
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q148: Which of the following is NOT true
Q149: Which of the following will not increase
Q150: You are scheduled to pay a $350
Q151: How much would be in your savings
Q152: What is the future value of $700
Q153: Approximately what rate is needed to double
Q155: Time value of money concepts can be
Q156: If an average home in your town
Q157: Scenario A: At age 27, you invest
Q158: Which of these statements is true of