With a nominal interest rate of 22% per year, the present discounted value of $1100 to be received in two years is:
A) $684.05.
B) $725.05.
C) $843.05.
D) $807.05.
E) $739.05.

Question

Quizplus · Accepted Answer

The Answer of With a nominal interest rate of 22% per year, the present discounted value of $1100 to be received in two years is:
A) $684.05.
B) $725.05.
C) $843.05.
D) $807.05.
E) $739.05.

With a Nominal Interest Rate of 22% Per Year, the Present