You have been promised a payment of $400 in the future. In which of the following cases is the present value of this payment the lowest?
a. You receive the payment 4 years from now and the interest rate is 4 percent.
b. You receive the payment 4 years from now and the interest rate is 5 percent.
c. You receive the payment 5 years from now and the interest rate is 4 percent.
d. You receive the payment 5 years from now and the interest rate is 5 percent.
d
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Why is the labor market called a matching market?
The total U.S. productivity growth rate decreased during the 1990s due to massive technological innovations
a. True b. False Indicate whether the statement is true or false
The United States is known worldwide as being a low tariff nation
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT included in the M1 money supply?
A. checkable and debitable accounts B. currency C. passbook savings accounts D. traveler's checks