If the annual interest rate is 7 percent, the present value of $100 to be received at the end of two years is

Name: If the annual interest rate is 7 percent, the present value of $100 to be received at the end of two years is
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The present value (PV) is calculated using the formula PV = FV / (1 + r)^n, where FV is the future value, r is the interest rate, and n is the number of periods. For $100 at 7% over 2 years: PV = 100 / (1 + 0.07)^2 = $87.34.

If the Annual Interest Rate Is 7 Percent, the Present