macroeconomic question plzzzzzz

Economics
Tutor: None Selected Time limit: 1 Day

Suppose you will receive $800 in two years. If the interest rate is 5 percent, then the present value of this future payment is a. $725.62. It would be higher if the interest rate were higher. b. $727.28. It would be higher if the interest rate were higher. c. $725.62. It would be lower if the interest rate were higher. d. $727.28. It would be lower if the interest rate were higher.

Apr 30th, 2015

The correct answer is  b. $727.28. It would be higher if the interest rate were higher. 

Apr 30th, 2015

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Apr 30th, 2015
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Apr 30th, 2015
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