The present value of $121,000 expected one year from today at an interest rate (discount rate)of 10 percent per year is:
A)$121,000.
B)$100,000.
C)$110,000.
D)$108,900.

Question

Quizplus · Accepted Answer

The Answer of The present value of $121,000 expected one year from today at an interest rate (discount rate)of 10 percent per year is:
A)$121,000.
B)$100,000.
C)$110,000.
D)$108,900.

The Present Value of $121,000 Expected One Year from Today