Multiple Choice
Which of the following best expresses the present value of $500 that you have to wait four years and three months to receive?
A) ($500/4.25) x (1+i)
B) $500 x 4.25 x (1 +i)
C) $500/(1+i) 4.25
D) ($500/4) x (1+i) 3
Correct Answer:
Verified
Correct Answer:
Verified
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