Which if any of the present values below are correct?
A)$100 one year from today at 2 percent interest = $98.81
B)$200 two years from today at 3 percent interest = $188.22
C)$300 three years from today at 4 percent interest = $234.34
D)None of the above are correct to the nearest penny.

Question

Quizplus · Accepted Answer

None of the present values listed above are correct to the nearest penny. The correct present value depends on the specific formula used to calculate it, and the given present values are not the result of any standard time value of money calculation. It is important to use accurate formulas and values when making financial decisions based on present value calculations.

Which If Any of the Present Values Below Are Correct