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If the interest rate is 9 percent, the present value of $300 paid one year from now equals $ (round your answer to the nearest penny).

If the interest rate is 9 percent, the present value of $300 paid one year from now equals $ (round your answer to the nearest penny).
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1 vote
If the interest rate is 9 percent, the present value of $300 paid one year from now equals $ (round your answer to the nearest penny).

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User Kevin Welker
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8.5k points

1 Answer

3 votes
9 times 300 equals 2,700
2,700 divided by 100 equals 27
answered
User Karina
by
8.3k points
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