The Present Value of $100 to Be Received One Year

question 79

Multiple Choice

The present value of $100 to be received one year from now, with an annual interest rate of 6 percent, is

• A) $94.00.
• B) $94.34.
• C) $95.27.
• D) $102.13.
• E) $106.00.

---

Definitions:

Testing Plan

The part of the problem statement that lists specific input numbers the programmers would typically expect the user to enter; the plan then lists the precise output values that a perfect program would return for those input values.

Precise Output

The generation of exact results or outputs by a computer system or software, without any errors or approximations.

Web Applications

Software programs that run on a web server and are accessed through a web browser over the Internet.

Information Available

Refers to data or knowledge that is accessible and retrievable from a source, such as a database or the internet.