Multiple Choice
To find the present value of $1000 discounted for 20 years at 8%, when using a financial calculator, the correct entry is
A) N=20, i=.08,PMT=0, FV=1000 solve for PV.
B) N=20, i=8,PMT=0, FV=1000 solve for PMT.
C) N=20, i=.08,PMT=0, PV=1000 solve for FV.
D) N=20, i=8,PMT=0, FV=1000 solve for PV.
Correct Answer:

Verified
Correct Answer:
Verified
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