If the interest rate is zero, then $100 to be paid in 10 years has a present value that is less than $100, more than $100, exactly $100, Indeterminate.

If the interest rate is zero, then $100 to be paid in 10 years has a p

1.	If the interest rate is zero, then $100 to be paid in 10 years has a present value that is less than $100, more than $100, exactly $100, Indeterminate.
Answer» If the interest rate is zero, then $100 to be paid in 10 years has a present value that is less than $100, more than $100, exactly $100, Indeterminate. Solution: