What is the present value of $100 paid two years from now when the interest rate is 10 percent?

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter29: Interest, Rent, And Profit
Section29.1: Interest
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What is the present value of $100 paid two years from now when the interest rate is 10 percent?

A. $100 B. $90.91 C. $82.64 D. $75.13

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