If the annual interest rate is 5%, the present value of $100 to be received two years from now is

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If the annual interest rate is 5%, the present value of $100 to be received two years from now is

If the annual interest rate is 5%, the present value of $100 to be received two years from now is

▸ $90.70.

▸ $87.70.

▸ $110.00.

▸ $95.23.

▸ $97.00.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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booboo123 Author

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Smart ... Thanks!

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this is exactly what I needed

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