What is the present value of $100 one year from now at an interest rate of 5%?

Name: What is the present value of $100 one year from now at an interest rate of 5%?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The present value can be calculated using the formula PV = FV/(1+r), where PV is the present value, FV is the future value, and r is the interest rate. Plugging in the values, we get PV = 100/(1+0.05) = 95.24. Therefore, the best choice is B.

What Is the Present Value of $100 One Year from Now