Which, if any, of the present values below are correctly computed?

a. A payment of $1,000 to be received one year from today, with a 8 percent interest rate, has a present value of $945.45.
b. A payment of $1,000 to be received one year from today, with a 9 percent interest rate, has a present value of $911.11.
c. A payment of $1,000 to be received one year from today, with a 10 percent interest rate, has a present value of $905.06.
d. None of the above are correct to the nearest cent.


d

Economics

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