Question: Suppose present value is $ 1 0 0 , future value is $ 1 , 0 0 0 , and N is 1 0 years.

Suppose present value is $100, future value is $1,000, and N is 10 years. Which formula below is used to find the (decimal) interest rate?
Multiple choice question.
r =1000(1/10)1
r =(1000/100)1
r =(1000/100)(1/10)1
r =(1000/100)(1/10)1s

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