Multiple Choice
Which of the following has a present value of $100?
A) $109.12 in two years when the interest rate is 4 percent
B) $113.98 in two years when the interest rate is 6 percent
C) $116.64 in two years when the interest rate is 8 percent
D) $123.17 in two years when the interest rate is 10 percent
Correct Answer:
Verified
Correct Answer:
Verified
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