You Are Scheduled to Receive $18,000 in Five Years

question 49

Multiple Choice

You are scheduled to receive $18,000 in five years. When you receive it, you will invest it for five more years at 8.6% per year. How much will you have at the end of this time? What would be an equivalent Present Value?

• A) $15,916
• B) $14,916
• C) $13,916
• D) $12,916
• E) $11,916

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Definitions:

Ewing Sarcoma

A rare type of cancer that occurs in bones or in the soft tissue around the bones, most often affecting children and young adults.

Pelvic Area

The lower part of the torso, bounded by the pelvic bones, containing reproductive organs, the urinary bladder, and the rectum.

Primary Bone Cancer

A rare and severe form of cancer originating in the cells of the bone itself, not a metastasis from another location.

Argentaffin Cells

Specialized cells found in the gut and elsewhere, containing granules that can bind silver stains, involved in hormone production.