Suppose an individual has a discount rate of 6 percent and will receive $2,000 10 years from now. Which of the following formulas can be
Suppose an individual has a discount rate of 6 percent and will receive $2,000 10 years from now. Which of the following formulas can be used to calculate the present value of this income? O PV = 2000/(1+0.06)10 O PV = 10/2000(1.06) O PV=(2000)10(0.06) O PV = 2000/10(1+0.06) O PV = [(1+0.06)/2000]10
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