What Is the Present Value of a $250 Deposit in Year

question 141

Multiple Choice

What is the present value of a $250 deposit in year 1, and another $50 deposit at the end of year 6 if interest rates are 10 percent?

• A) $120.00
• B) $169.34
• C) $255.50
• D) $278.22

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Definitions:

Claim Message

A communication from a customer or client asserting a right or demand for a benefit, refund, or compensation due to perceived faults or dissatisfaction.

Adjustment Letter

A form of business correspondence used to address and resolve a complaint or issue reported by a customer, often involving an apology and a solution.

Sensitive Language

Language that is carefully chosen to avoid offending or excluding people, particularly in contexts involving gender, race, or personal issues.

Claim Message

A formal communication asserting rights, demanding action, or stating that something is true, often used in business or legal contexts.