Multiple Choice
To compute the present value of $1,000 discounted at the rate of 5% per year, to be received at the end of 3 years, you should enter the following variables into a financial calculator
A) N=3, i=5, PV=1000
B) N=3, i=5, FV=1000
C) N=3, i=5, PMT=1000
D) N=3, i=.05, PV=1000
Correct Answer:
Verified
Correct Answer:
Verified
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