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The Present Value of $5,000 One Year in the Future

question 39

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The present value of $5,000 one year in the future at a 5 percent interest rate is approximately


Definitions:

Black Migration

Refers to the movement of African Americans from the rural Southern United States to the urban North, Midwest, and West from approximately 1916 to 1970, often called the Great Migration.

East St. Louis

A city in Illinois notable for the 1917 race riot, one of the most violent episodes of racial conflict in the 20th-century United States.

Riot

A violent disturbance by a crowd, often a symptom of social unrest or protest against authority or government policies.

Nannie Helen Burroughs

An African American educator, orator, religious leader, and businesswoman, known for her activism for women's rights and the education of black children, founding the National Training School for Women and Girls in Washington, D.C., in 1909.

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