If the Interest Rate Is R (Expressed as a Decimal \(1 + R ) ^N
D)$1\(1 + N )

question 189

Multiple Choice

If the interest rate is r (expressed as a decimal number) , the present value today of $1 to be received n years from today equals ____.

• A)$1 r ⁿ
• B)$1(1 + r ) ⁿ
• C)$1\(1 + r ) ⁿ
• D)$1\(1 + n ) ^r

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