Which of the following best expresses the payment a lender-14865
Which of the following best expresses the payment a lender receives for lending their money for four years?
This multiple choice question (MCQ) is related to the book/course vu mgt411 Money & Banking. It can also be found in vu mgt411 Final Term - Quiz No.3.
Which of the following best expresses the payment a lender receives for lending their money for four years?
PV(1+i)4
PV/(1 + i)4
4PV
PV/(1 - i)4