If the Annual Interest Rate Is 3%,$10 000 Received Today

question 96

Multiple Choice

If the annual interest rate is 3%,$10 000 received today has the same present value as ________ received one year from now.

• A)$10 000
• B)$13 000
• C)$300
• D)$9707.74
• E)$10 300

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Definitions:

Client-Visits

The number of times clients or customers visit a business or service provider within a given time period.

Planning Budget

A budget prepared for a specific level of activity; it may be adjusted as activity levels change.

Administrative Expenses

Costs associated with the general administration of a business, such as salaries of executive staff and office supplies.

Client-Visits

The act of meeting with clients or customers in person for business purposes, such as discussing projects, services, or sales.