Given a 5 Percent Interest Rate, Compute the Present Value

question 36

Multiple Choice

Given a 5 percent interest rate, compute the present value of deposits made in years 1, 2, 3, and 4 of $1,000, $1,400, $1,400, and $1,500.

• A) $4,360.32
• B) $4,665.65
• C) $5,047.62
• D) $5,305.00

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Definitions:

Human's

Referring to characteristics, conditions, or possessions related to humans or humankind.

Biological Term

A word or phrase that pertains to the science of biology, dealing with the study of life and living organisms.

Reproductive Potential

The possible reproductive capacity of an individual or species under optimal conditions.

Meiosis

A type of cell division that reduces the chromosome number by half, creating four genetically unique gametes, crucial for sexual reproduction.