If the Interest Rate Is 5 Percent, What Is the Present

question 47

Multiple Choice

If the interest rate is 5 percent, what is the present value of $100 that will be received 3 years from now?

• A) $90.70
• B) $86.38
• C) $115.00
• D) $13.62

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Definitions:

Direct Access

The ability to approach or use a service or resource directly, without intermediary agents or systems.

Africa and Asia

Two continents with diverse cultures, histories, and political landscapes, often discussed in contexts of colonialism, development, and international relations.

Hundred Years' War

A prolonged conflict between England and France from 1337 to 1453, characterized by several periods of warfare and truces.

Political Power

Political Power is the capacity or ability to influence the behavior of others or the course of events to achieve specific goals or outcomes within a political framework.