Multiple Choice
The present value of $1000 received 2 years from now given the current rate of interest
A) is less than the present value of $1000 received 1 year from now.
B) is the same as $1000 received 3 years from today.
C) is the same as $1000 received 1 year from today.
D) is less than $1000 received 3 years from today.
Correct Answer:
Verified
Correct Answer:
Verified
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