If the interest rate is 4.5 percent, what is the present value of a payment of $500 to be made one year from today?
A) $457.14
A) None of the above are correct to the nearest cent.
B) $468.02
C) $478.47

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The Answer of If the interest rate is 4.5 percent, what is the present value of a payment of $500 to be made one year from today?
A) $457.14
A) None of the above are correct to the nearest cent.
B) $468.02
C) $478.47

If the Interest Rate Is 4