At an Annual Interest Rate of 7%,the Present Value of $5000

question 5

Multiple Choice

At an annual interest rate of 7%,the present value of $5000 received in five years is closest to:

• A)$3565.
• B)$6750.
• C)$7015.
• D)$7035.

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Definitions:

Buying Specialization

A procurement approach where purchasing responsibilities are divided amongst team members based on specific categories of goods or services.

Purchasing Consortium

A group of companies or organizations that join together to pool their purchasing power, aiming to negotiate better terms and prices from suppliers.

Collaborative Purchasing

A strategy where multiple organizations come together to negotiate and buy products or services to achieve cost savings and other buying synergies.

Design Stage

The phase in a project or product development process where the visual aspects, functionalities, and specifications are planned and drafted.