Question: What is the present value ( PV ) of $ 1 0 0 received one year from now if your discount rate is 5 %

What is the present value (PV) of $100 received one year from now if your discount rate is 5%?Hint: Use the present value formula from the readings: - FV /(1+r)^# of periods. The answer must be in dollars and cents as in XX.XX.

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