What Is the Present Value of $2,800 to Be Received

question 109

Multiple Choice

What is the present value of $2,800 to be received three years from now if the discount rate is 9.5%?

• A) $2,114.48
• B) $2,132.63
• C) $2,361.48
• D) $2,734.54
• E) $3,676.21

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Definitions:

Access Chart

A graphical representation tool within Microsoft Access that lets users visualize data and trends stored in tables.

Rows And Columns

Fundamental organizational units in spreadsheets and databases, where rows represent individual records and columns represent data fields.

Number Field

An input field in databases or applications designed to hold numerical data.

Data Area

A section in spreadsheets or databases designated for the storage and manipulation of data.