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If the Three-Year Present Value Annuity Factor Is 2

question 82

Multiple Choice

If the three-year present value annuity factor is 2.673 and the two-year present value annuity factor is 1.833, what is the present value of $1 received at the end of the three years?

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Definitions:

Floating-point

A method of representing real numbers in a way that can accommodate a wide range of values by using a fraction and an exponent.

Integer

A data type used in programming to represent whole numbers without decimal points.

Decimal Point

A symbol used in numerical values to separate the integer part from the fractional part.

Single-precision

A format for representing floating-point numbers that uses 32 bits, providing a certain degree of accuracy.

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