Salvatore Has the Opportunity to Invest in a Scheme Which

question 52

Multiple Choice

Salvatore has the opportunity to invest in a scheme which will pay $5000 at the end of each of the next 5 years. He must invest $10,000 at the start of the first year and an additional $10,000 at the end of the first year. What is the present value of this investment if the interest rate is 4%?

• A) $1248.56
• B) -$1410.67
• C) -$112.23
• D) $2643.73

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Definitions:

Complex Grammar

An aspect of language that involves structuring of phrases and sentences in a detailed and sophisticated manner, beyond simple construction.

Passive Sentences

Sentences in which the subject is the recipient of the action, rather than the doer, often shifting focus from the actor to the action or object.

Preschoolers

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The process of acquiring and expanding the set of words known by a person, critical for communication and knowledge acquisition.