Multiple Choice
The present value (PV) of a payment one year in the future (FV) , given an interest rate (r) , is given by the equation:
A) PV = 1 / FV.
B) PV = FV / 1.
C) PV = FV / (1 + r) .
D) PV = FV × (1 + r) .
Correct Answer:
Verified
Correct Answer:
Verified
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