Multiple Choice
Which of the following is the largest?
A) the future value of $250 with 3% interest for 2 years
B) the future value of $250 at 2% interest for 3 years
C) the present value of $250 to be paid in two years when the interest rate is 3%
D) the present value of $250 to be paid in three years when the interest rate is 2%
Correct Answer:
Verified
Correct Answer:
Verified
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