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

question 114

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

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