Assuming R Is the Interest Rate, to Compute the Present

question 200

Multiple Choice

Assuming r is the interest rate, to compute the present value of a dollar to be received a year from today, you

• A) multiply the dollar by r.
• B) divide the dollar by (1 - r).
• C) multiply the dollar by (1 + r).
• D) divide the dollar by (1 + r).

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Definitions:

Global Variables

Variables declared outside any function, accessible by any part of the program.

Expressions

Combinations of variables, operations, values, and functions that are evaluated to produce another value in programming.

Variable Name

An identifier assigned to a storage location in memory to store values during a computer program's execution.

Declared

In programming, to specify the type and optionally the initial value of variables or functions before they are used.