Discounting Involves _______ by (1 + R)^t to Obtain the _______

Multiple Choice

Discounting involves _______ by (1 + r) ^t to obtain the _______ .

A) dividing the present value; willingness to pay
B) multiplying the future value; present value
C) multiplying the present value; willingness to pay
D) dividing the future value; present value
E) dividing the future value; willingness to pay