Multiple Choice
Which of the following equations is used to calculate the present value of a sum to be received in future?
A) PV = FVn ÷ (1 + i) n
B) PV = FVn × (1 + i) n
C) PV = (1 + i) n + FVn
D) PV = (1 + i) n ÷ FVn
Correct Answer:
Verified
Correct Answer:
Verified
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