If You Will Receive $3, 000 Three Years from Today

question 26

Multiple Choice

If you will receive $3, 000 three years from today and the discount rate is 7 percent, the present value of the $3, 000 is

• A)$2, 779
• B)$3, 770
• C)$1, 658
• D)$1, 962
• E)$2, 449

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Definitions:

Char

Char is a data type in C and C++ programming languages that is used to store single characters, usually represented in a single byte.

Pointers

Variables that store memory addresses, typically of other variables, enabling indirect manipulation of data in programming.

Integer Array

An array data structure that holds multiple values of integer type, with each element accessible by its index.

Bytes

A unit of digital information storage that typically consists of eight bits, representing a single character of text.