An opportunity cost of 9 percent, is $42.
We have given that,
The present value of $100 is to be received 10 years from today,
assuming an opportunity cost of 9 percent,
present value =$100
N=10 years
I/y=9
<h3>What is the formula for the present value?</h3>
PV= FV/(1+r)^n
Where FV is the future value.
Use the given values in the formula we get,
Therefore the correct answer is 42.
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