Value of payment is $25 and an interest rate is 2%, then present value – McqOptions

MCQOPTIONS

1.	Value of payment is $25 and an interest rate is 2%, then present value will be
A.	12.5 dollars
B.	0.0008 dollars
C.	1,250 dollars
D.	0.8 dollars
Answer» B. 0.0008 dollars

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