Solved

Which,if Any,of the Present Values Below Are Correctly Computed

Question 155

Multiple Choice

Which,if any,of the present values below are correctly computed?


A) A payment of $1,000 to be received one year from today,with a 8 percent interest rate,has a present value of $945.45.
B) A payment of $1,000 to be received one year from today,with a 9 percent interest rate,has a present value of $911.11.
C) A payment of $1,000 to be received one year from today,with a 10 percent interest rate,has a present value of $905.06.
D) None of the above are correct to the nearest cent.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions