Multiple Choice
Which of the following is correct if the interest rate is 6 percent?
A) $215 to be received a year from today has a present value of over $200;$420 a year from now has a present value over $400.
B) $215 to be received a year from today has a present value of over $200;$420 a year from now has a present value under $400.
C) $215 to be received a year from today has a present value of under $200;$420 a year from now has a present value over $400.
D) $215 to be received a year from today has a present value of under $200;$420 a year from now has a present value under $400.
Correct Answer:
Verified
Correct Answer:
Verified
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