Given an annual interest rate of 3%, the present value of a future payment of $2,080 to be paid in one year is:
A) $1,904.76
B) $1,904.76.
C) $2,000.00
D) $2,000.00.
E) $2,019.42
F) $2,019.42.
G) $2,080.00
H) $2,080.00.
Correct Answer:
Verified
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