If the annual interest rate is 10 percent, $5.00 received today has the same present value as
A) $4.00 received one year from now.
B) $4.50 received one year from now.
C) $5.00 received one year from now.
D) $5.50 received one year from now.
E) $6.00 received one year form now.
Correct Answer:
Verified
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