What is the difference between the present value of 550 to be ...

[Jkov05]

What is the difference between the present value of 550 to be received after 3 years and after 5 years from now at an annual interest of 15 percent?
 a. 73.49
  b. 61.60
  c. 250.02
  d. 88.11

Question 2

Price elasticity of demand is defined as
 A) the percentage change in the quantity demanded of some product resulting from a one percent change in price.
  B) the percentage change in the quantity demanded of some product resulting from a change in price.
  C) the change in quantity demanded resulting from a one percent change in price.
  D) the change in quantity demanded resulting from a change in price.

[johnpizzaz]

Answer to Question 1

D

Answer to Question 2

A

[Jkov05]

TYSM

[kalskdjl1212]

Thanks for the timely response, appreciate it