Multiple Choice
A business promises to pay the investor of $2000 today a payment of $500 in one year's time,$1000 in two years' time and $1000 in three years' time.What is the present value of this business opportunity if the interest rate is 5% per year?
A) $247.06
B) $253.78
C) $256.88
D) $261.07
E) $273.09
Correct Answer:
Verified
Correct Answer:
Verified
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