问题
单项选择题
Given a 5 percent discount rate, the present value of $ 500 to be received three years from today is :（）
A. $ 432.
B. $ 400.
C. $ 452.
答案
参考答案：A
解析：
N=3; I/Y=5; FV=500; PMT=0; CPT→PV=431.92. OR 500/1.053=431.92.