Please provide work and formula if possible If 528 invested

Please provide work and formula if possible.

If $528 invested today yields $550 in one years time, what is the discount factor? O A. 1.92 O B. 0.1 O C. 0.96 O D. 1.96

Answer: C. 0.96

Explanation:

FV = PV/Discounting Factor

= $ 528 / 0.96

= $ 550

Please provide work and formula if possible. If $528 invested today yields $550 in one years time, what is the discount factor? O A. 1.92 O B. 0.1 O C. 0.96 O D

Tutor

Dr Jack

Tutor: Dr Jack

Most rated tutor on our site