If you want to know the present value of $10 000 received in 1 year,and the interest rate is 4 per cent,what formula can you use?
A) Present value equals $10 000 times 0.04.
B) Present value equals $10 000 divided by 1.04
C) Present value equals 1.04 divided by $10 000.
D) Present value equals $10 000 times 1.04.
Correct Answer:
Verified
Q205: The marginal productivity theory of income distribution
Q210: According to the marginal productivity theory of
Q216: Compared to a competitive market, a firm
Q241: What is the difference between "straight-time pay,"
Q244: Companies often find it to be more
Q246: If a firm is the sole employer
Q254: Which of the following statements regarding equilibrium
Q262: The price of a factor of production
Q264: In general, the supply curve for a
Q275: If you were to ask your employer
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