The present value of $120 to be received one year from now
A) is $120.
B) is $100.
C) is $121.
D) depends on the rate of discount.
Correct Answer:
Verified
Q312: Businesses go to credit markets in order
Q313: If the present value of $110 to
Q314: The funds used to purchase capital goods
Q315: If the interest rate is 5 percent
Q316: Present value is
A) the value of a
Q318: The rate of discount is best described
Q319: When the rate of interest is 10
Q320: The payment for current rather than future
Q321: Larger loans, other things constant, have lower
Q322: The real rate of interest is 4%
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