Question: The following formula for computing the present value of $654 to be received in 6 years, assuming the discount rate is 7 percent, which one

The following formula for computing the present value of $654 to be received in 6 years, assuming the discount rate is 7 percent, which one is correct? O 654/(1+0.06)^7 O 654*(1+0.07)^6 654/(1+0.07)^6 0 654*(1+0.06*7) 654*(1+0.06)^7

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