The Present Discounted Value of $75 to Be Received in Two

question 173

Multiple Choice

The present discounted value of $75 to be received in two years with no interest is ____ when the interest rate is 8 percent.

• A)$64.30
• B)$69.44
• C)$87.48
• D)$75
• E)$81

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Definitions:

Component Statements

The individual statements that make up a complex statement or argument.

Connective(s)

Logical operators used in propositions to combine sentences or clauses, affecting the truth values of the statements they join.

Symbolic Form

A representation of ideas or concepts through symbols rather than direct statements.

Believe

To accept something as true, especially without absolute proof that it is so.