Which of the Following Best Expresses the Present Value of $500

question 10

Multiple Choice

Which of the following best expresses the present value of $500 that you have to wait four years and three months to receive?

• A)($500/4.25) × (1 + i)
• B)$500 × 4.25 × (1 + i)
• C)$500/(1 + i)4.25
• D)($500/4) × (1 + i)3