We wish to discount $1,000 to be received in 5 years. Which of the following...
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We wish to discount $1,000 to be received in 5 years. Which of the following is TRUE about using the function PVirate.nper.pmt[v.[typel) if the rate is specified as an annual rate of 0.05 and 'nper is 5? Select one: a. We cannot use the PV function as it can only be used to discount multiple cash flow payments not a single cashflow b. To use the PV function to discount a single cashflow we would specify 'pmt' as zero, and 'fv' as the single amount we wish to dislpunt C c. To use the PV function to discount a single cashflow we would specify 'pmt as that single amount, $1,000, and 'fv' as zero. d. To use the PV function to discount a single cashflow we would specily pmt as that single amount, $1,000, and would leave the fv' blank as it is not required. Next pa
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