Multiple Choice
Which,if any,of the present values below are computed correctly?
A) A payment of $100 to be received one year from today,with a 2 percent interest rate,has a present value of $98.81.
B) A payment of $200 to be received two years from today,with a 3 percent interest rate,has a present value of $188.52.
C) A payment of $300 to be received three years from today,with a 4 percent interest rate,has a present value of $234.34.
D) None of the above are correct to the nearest cent.
Correct Answer:
Verified
Correct Answer:
Verified
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