The Present Value of a Future Payment to Be Received

question 73

Multiple Choice

The present value of a future payment to be received in three years is $1,000.If the interest rate is 5%,what is the amount that will be paid in three years?

• A)$1,150.00
• B)$1,157.63
• C)$1,215.51
• D)$1,250.00

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