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Havakajs Havakajs
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5 years ago
If you want to know the present value of $5,000 received in one year, and the interest rate is 2 percent, what formula can you use?
A) Present value equals $5,000 times 0.02.
B) Present value equals $5,000 divided by 1.02
C) Present value equals 1.02 divided by $5,000.
D) Present value equals $5,000 times 1.02.
Textbook 
InMacro

InMacro


Edition: 1st
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sanjidhaasanjidhaa
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5 years ago
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