A scholarship gives you $1,000 today and promises to pay you $1,000 one year from today.What is the present value of these payments?
A) $2,000/(1 + r) ².
B) $1,000 + $1,000/(1 + r)
C) $1,000/(1 + r) + $1,000/(1 + r) ²
D) $1,000(1 + r) + $1,000(1 + r) ²
Correct Answer:
Verified
Q67: You've been promised a payment of $400
Q68: What is the present value of a
Q72: Which of the following is the correct
Q73: What is the present value of a
Q76: You've been promised a payment of $400
Q89: At which interest rate is the present
Q92: Which of the following changes would increase
Q98: The present value of a payment to
Q131: You are expecting to receive $750 at
Q133: You are expecting to receive $1,000 at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents