Given an Annual Interest Rate of 2%, the Present Value

question 182

Multiple Choice

Given an annual interest rate of 2%, the present value of a future payment of $1,500 to be paid in one year is:

• A) $1,250.55.
• B) $1,470.59.
• C) $1,530.
• D) $1,500.

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Definitions:

Deltoid Muscle

A large, triangular-shaped muscle located on the uppermost part of the arm and the top of the shoulder, involved in arm rotation and lifting.

Triangle

A polygon with three edges and three vertices, the simplest form of polygon.

Maximal Sustained

The highest level of performance or activity that an organism can maintain indefinitely without experiencing degradation or failure.

Muscle Contraction

The process whereby muscle fibers shorten or become tense due to interactions between actin and myosin filaments, generating force.