The director of admissions at Kinzua University in Nova Scotia estimated the distribution of student admissions for the fall sem
ester on the basis of past experience. Admissions Probability 1,040 0.3 1,320 0.2 1,660 0.5 1. What is the expected number of admissions for the fall semester
The Answer is that the present value of $100 is $100. Because this $100 dollar is deposited today so the time is equal to zero and when time is zero the value of amount is the value of amount itself.