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Which of the Following Is the Correct Expression for Finding

Question 162

Multiple Choice

Which of the following is the correct expression for finding the present value of a $1,000 payment one year from today if the interest rate is 6 percent?


A) $1,000 Which of the following is the correct expression for finding the present value of a $1,000 payment one year from today if the interest rate is 6 percent? A) $1,000 (1.06) B) $1,000<sup>(1.06) </sup> C) $1,000/(1.06) D) None of the above is correct. (1.06)
B) $1,000(1.06)
C) $1,000/(1.06)
D) None of the above is correct.

Correct Answer:

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