Multiple Choice
If the present value of $1 received n years from today at an interest rate of r is 0.3855, then what is the future value of $1 invested today at an interest rate of r percent for n years?
A) $1.3855
B) $2.594
C) $1.701
D) Not enough information is given to solve the problem.
Correct Answer:
Verified
Correct Answer:
Verified
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