If the Current Rate of Interest Is 8%,then the Present

question 64

Multiple Choice

If the current rate of interest is 8%,then the present value of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$18,519.
• B)$45,761.
• C)$9818.
• D)$20,000.

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Definitions:

Zygote

The initial cell formed when a sperm cell fuses with an egg cell, representing the earliest stage of embryonic development.

Pregnancy

The period during which a woman carries a developing fetus, typically lasting about 40 weeks from the last menstrual period to birth.

Ejaculation

The process of releasing semen from the body, often associated with orgasm in males.

In Vitro Fertilization

A medical procedure whereby an egg is fertilized outside the body and the resulting embryo is implanted in the uterus.