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) $1,0001 + r) + $1,0001 + r) 2
Correct Answer:
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