If the interest rate is R = 0.10, (approximately) what is the Present Value of $79.20 to be received one year from today? Group of answer choices A) None of the other options. B) $71.28 C) $72 D) $72.90 E) $70.20

If the interest rate is R = 0.10, (approximately) what is the Present Value of $79.20 to be received one year from today? Group of answer choices A) None of the other options. B) $71.28 C) $72 D) $72.90 E) $70.20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the interest rate is R = 0.10, (approximately) what is the Present Value of $79.20 to be received one year from today?

Group of answer choices

A) None of the other options.

B) $71.28

C) $72

D) $72.90

E) $70.20

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