What is the present value (approx.), where future value = 1000, r=6% and n=5?
A. 1300.00
B. 747.26
C. 545.38
D. 700.00
Answer:B
What is the present value (approx.), where future value = 1000, r=6% and n=5?
A. 1300.00 B. 747.26 C. 545.38 D. 700.00