Multiple Choice
The present value of $300 received 5 years in the future would be calculated as which of the following when the interest rate is 5%?
A) 300/(1.5) 5
B) 300/(1.05) 5
C) 300 × 1.5 × 5
D) 5.05/300
Correct Answer:
Verified
Correct Answer:
Verified
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