Multiple Choice
Consider the two investments shown in the table.Find the present value of each at Year 0 assuming an interest rate of 5%.What is the percentage difference in the present values (with Investment 1 as the base of the percentage) ?
A) -3.8%
B) -2.6%
C) 3.5%
D) 4.3%
E) -4%
Correct Answer:
Verified
Correct Answer:
Verified
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