Which of the following has a present value of $100?

a. $109.12 in two years when the interest rate is 4 percent
b. $113.98 in two years when the interest rate is 6 percent
c. $116.64 in two years when the interest rate is 8 percent
d. $123.17 in two years when the interest rate is 10 percent


c

Economics

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Economics