If the interest rate is zero, then $100 to be paid in 10 years has a present
Question:
If the interest rate is zero, then $100 to be paid in 10 years has a present value that is
a. less than $100.
b. exactly $100.
c. more than $100.
d. indeterminate.
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The answer is b exactly 100 When the interest rate is zero the present value ...View the full answer
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