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anout. present value formula. in this question shown in the pic, which of them a or b should i use??? the teacher demonstrated a, but

anout. present value formula.
in this question shown in the pic, which of them a or b should i use???
the teacher demonstrated a, but didn't understand why we don't need to multiply power.
image text in transcribed
suppose I bou a financial security whose cash flow willte 50,000 dollars after 60 days. What's Present value of this securitu? (r=40%) a:PV=50,000(1+3650.460)b:PV=50,000(1+3650.460)36560

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