What is the annual discount factor for year 3 rounded to 4 decimal

points, when the interest rate is 10% p.a.?

points, when the interest rate is 10% p.a.?

Select one:

0.9091

0.6830

0.7513

0.8264

Which of these statements is correct? Select one:

the rate of return on

an investment is the interest rate at which the future cash flows exceed

the costs

an investment is the interest rate at which the future cash flows exceed

the costs

the rate of return on an investment is the interest rate at

which the present value of future cash flows equals the initial

investment

which the present value of future cash flows equals the initial

investment

the rate of return on an investment will be greater than

zero when the sum of future cash flows exceeds the initial investment

zero when the sum of future cash flows exceeds the initial investment

the rate of return on an investment is known as the present value