Calculate the Present Value of an Investment That Will Be

question 59

Multiple Choice

Calculate the present value of an investment that will be worth $2,000 after 3 years at 8% per year compounded annually. Round your answer to the nearest cent. ​

• A)$1,587.66
• B) $1,574.51
• C) $1,715.81
• D) $2,258.90
• E) $1,944.78

---

Definitions:

Attentional Capabilities

The ability to focus and maintain concentration on specific stimuli or tasks, often varying in capacity among individuals.

Muscle Coordination

The ability to use different parts of the body together smoothly and efficiently in physical tasks.

Anorexia Nervosa

An eating disorder characterized by an obsessive fear of gaining weight, leading to severe restrictions on food intake.

Schizophrenia

Mental disorder marked by loss of contact with reality; symptoms include hallucinations and delusions.