If the market has an interest rate of 18% per year when the inflation rate is 7% per year, the real interest rate is closest to
Assuming a 10% discount rate the Net Present Value or NPV of the following cashflows is approximately:
| Year | Cashflow |
|---|---|
| 0 | $100,000 |
| 1 | $100,000 |
| 2 | $100,000 |
| 3 | $100,000 |
What is the definition of “discount rate” ?
Which of the following statements accurately describes iris recognition?