Which of the Following Is the Correct Expression for Finding

question 233

Multiple Choice

Which of the following is the correct expression for finding the present value of a $1,000 payment one year from today if the interest rate is 6 percent?

• A)$1,000 × (1.06)
• B)$1,000⁽¹.⁰⁶⁾
• C)$1,000/(1.06)
• D)None of the above is correct.

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