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SSC Audit Tax Finance P-II QUESTION #6208
Question 1
Calculate the Present Value ($PV$) of $\$1,100$ to be received in $1$ year with a $10\%$ discount rate.
  • $1,000✔️
  • $1,210
  • $900
  • $1,100
Correct Answer Explanation
$PV = 1100 / 1.10 = 1000$ [cite: 55].