If the Present Value of $1

question 25

Multiple Choice

If the present value of $1.00 received n years from today at an interest rate of r is 0.621, then what is the future value of $1.00 invested today at an interest rate of r% for n years?

• A) $1.00
• B) $1.61
• C) $1.621
• D) Not enough information to solve the problem

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