A Scholarship Gives You $1,000 Today and Promises to Pay

Multiple Choice

A scholarship gives you $1,000 today and promises to pay you $1,000 one year from today.What is the present value of these payments?

A) $2,000/(1 + r) ².
B) $1,000 + $1,000/(1 + r)
C) $1,000/(1 + r) + $1,000/(1 + r) ²
D) $1,000(1 + r) + $1,000(1 + r) ²