Suppose You Will Receive $1000 in Three Years' Time

question 31

Multiple Choice

Suppose you will receive $1000 in three years' time. What is its PV if your opportunity cost/discount rate/interest rate is 10%?

• A) 832.19
• B) 909.90
• C) 1300
• D) 751.32

---

Definitions:

Sublingual

Pertaining to or applied under the tongue, a method often used for the administration of certain medications for rapid absorption.

Chest Pain

A common symptom that can result from a variety of causes ranging from non-serious to life-threatening conditions.

Ophthalmic Eye Drops

Medication in drop form, administered to the eye to treat a variety of conditions.

Conjunctival Sac

The space between the eyelids and the surface of the eye itself, where contact lenses rest and where eye drops are administered.