The Present Value of an Obligation of $8,000 Payable in 7

question 18

Multiple Choice

The present value of an obligation of $8,000 payable in 7 years at 8% is:

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Definitions:

Edema

Swelling caused by excess fluid trapped in the body's tissues, commonly occurring in the feet, ankles, and legs.

Blast

A sudden, violent blow or impact, often referring to explosions or powerful gusts of wind, but can also describe the rapid growth and proliferation of cells in a specific context like biology or medicine.

Cidal

A term used in biology and pharmacology to describe agents or substances that kill or destroy, often used in the context of bacteria (bactericidal) or fungi (fungicidal).

Bi-

A prefix meaning two, twice, or double.