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