If the Present Value of $1 Received N Years from Today

question 69

Multiple Choice

If the present value of $1 received n years from today at an interest rate of r is 0.3855, then what is the future value of $1 invested today at an interest rate of r percent for n years?

• A)$1.3855
• B)$2.594
• C)$1.701
• D)Not enough information is given to solve the problem.

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Definitions:

Blotter

A blotter is an official record of events, transactions, or occurrences kept by an organization, often used in police departments to record crimes or incidents.

Excessive Bail

A bail amount deemed unreasonably high considering the circumstances and nature of the offence.

Eighth Amendment

A provision in the United States Constitution prohibiting the federal government from imposing excessive bail, excessive fines, or cruel and unusual punishments.

Trustworthy Evidence

Information or data considered reliable and credible in a legal context.