Question 02: If you want to know the present value of $5,000 received in one year, and the interest rate is 2 percent, what formula can you use? Hint: this question is asking for the equivalent money today of $5,000 one year from now. You could try the simple math on each answer and see which is reasonable. A) Present value equals $5,000 divided by 1.02 OB) Present value equals $5,000 times 0.02. C) Present value equals 1.02 divided by $5,000. OD) Present value equals $5,000 times 1.02