Asked by Neisha


The present value of $1,000 to be received in 1 year with annual compounding at a 10% per year rate, would be:
$900.00.
$909.09.
$990.90.
$1,100.
Answered by Ms. Sue
I = PRT

I = 1,000 * 0.1 * 1

I = 100

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