The present value of a single sum of $100 to be received in 10 years and discounted at a annual 12% rate on a semi-annual basis is:
A. $32.19
B. $31.18
C. $100
D. $310.58
Answer:B
The present value of a single sum of $100 to be received in 10 years and discounted at a annual 12% rate on a semi-annual basis is:
A. $32.19 B. $31.18 C. $100 D. $310.58