Question: If the interest rate is 6%, what is the present value of $500 received at the end of 5 years? O a. $471.70 Ob.

If the interest rate is 6%, what is the present value of

If the interest rate is 6%, what is the present value of $500 received at the end of 5 years? O a. $471.70 Ob. $373.63 O c. $500 Od $669.11 e. $530

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